BNB Wealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 316,960 shares of the company’s stock, valued at approximately $8,754,000. Capital Group U.S. Multi-Sector Income ETF comprises about 5.6% of BNB Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. BNB Wealth Management LLC owned about 0.21% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock worth $968,000 after acquiring an additional 373 shares during the last quarter. Wayfinding Financial LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 0.4% during the 3rd quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock worth $2,931,000 after acquiring an additional 385 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.9% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock worth $647,000 after acquiring an additional 432 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after acquiring an additional 439 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 2.8% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after acquiring an additional 445 shares during the last quarter.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Shares of CGMS opened at $27.40 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $27.01 and a twelve month high of $28.08. The firm’s 50 day moving average price is $27.51 and its two-hundred day moving average price is $27.58. The firm has a market cap of $4.68 billion, a P/E ratio of 10.71 and a beta of 0.29.
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.
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