Midwest Financial Network LLC reduced its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 19.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 121,844 shares of the company’s stock after selling 28,556 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up about 2.3% of Midwest Financial Network LLC’s holdings, making the stock its 10th largest holding. Midwest Financial Network LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,330,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $27,000. Arax Advisory Partners acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $53,000. Finally, CX Institutional purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $68,000.
Capital Group U.S. Multi-Sector Income ETF Stock Down 0.0%
Shares of NYSEARCA:CGMS opened at $27.17 on Thursday. The company has a market cap of $5.34 billion, a P/E ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.95 and a 52 week high of $28.08. The company has a 50-day moving average price of $27.33 and a 200 day moving average price of $27.48.
About Capital Group U.S. Multi-Sector Income ETF
The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.
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Want to see what other hedge funds are holding CGMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report).
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