Bond & Devick Financial Network Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 10.4% during the 4th quarter, HoldingsChannel reports. The fund owned 291,412 shares of the company’s stock after buying an additional 27,527 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up approximately 2.3% of Bond & Devick Financial Network Inc.’s investment portfolio, making the stock its 12th biggest holding. Bond & Devick Financial Network Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $8,049,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth approximately $1,048,000. Steward Partners Investment Advisory LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 20,444 shares of the company’s stock valued at $565,000 after purchasing an additional 1,473 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 111.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 654,276 shares of the company’s stock valued at $18,071,000 after purchasing an additional 344,993 shares in the last quarter. Level Four Advisory Services LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 25.0% in the second quarter. Level Four Advisory Services LLC now owns 147,583 shares of the company’s stock worth $4,076,000 after purchasing an additional 29,499 shares during the period. Finally, Beacon Pointe Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the second quarter worth $11,825,000.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.04 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.08. The firm has a market capitalization of $4.09 billion, a PE ratio of 10.71 and a beta of 0.34. The company’s fifty day moving average price is $27.60 and its two-hundred day moving average price is $27.70.
Capital Group U.S. Multi-Sector Income ETF Increases Dividend
Capital Group U.S. Multi-Sector Income ETF Profile
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.
See Also
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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