Northwestern Mutual Wealth Management Co. Sells 137,452 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Northwestern Mutual Wealth Management Co. lowered its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 773,736 shares of the company’s stock after selling 137,452 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.51% of Capital Group U.S. Multi-Sector Income ETF worth $21,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS Group AG increased its position in Capital Group U.S. Multi-Sector Income ETF by 49.2% in the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after purchasing an additional 1,162,393 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 27.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock valued at $149,867,000 after purchasing an additional 1,155,945 shares in the last quarter. Regatta Capital Group LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 6,655.7% during the fourth quarter. Regatta Capital Group LLC now owns 779,270 shares of the company’s stock valued at $21,523,000 after purchasing an additional 767,735 shares in the last quarter. Raymond James Financial Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the third quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock valued at $120,404,000 after purchasing an additional 360,166 shares in the last quarter. Finally, Thayer Financial L.L.C. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $7,343,000.

Capital Group U.S. Multi-Sector Income ETF Price Performance

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.48 on Monday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. The firm’s fifty day moving average is $27.46 and its 200 day moving average is $27.60. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $27.01 and a 52-week high of $28.08.

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.