Clear Trail Advisors LLC Buys Shares of 357,224 Capital Group U.S. Multi-Sector Income ETF $CGMS

Clear Trail Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 357,224 shares of the company’s stock, valued at approximately $9,727,000. Capital Group U.S. Multi-Sector Income ETF accounts for about 1.6% of Clear Trail Advisors LLC’s portfolio, making the stock its 21st largest holding. Clear Trail Advisors LLC owned about 0.21% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CGMS. Focus Partners Wealth purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at $1,048,000. NewEdge Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 85.1% in the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock worth $4,114,000 after acquiring an additional 68,484 shares during the last quarter. CLG LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 7.4% in the 2nd quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after acquiring an additional 3,261 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 4.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after acquiring an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at about $230,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.2%

Shares of NYSEARCA:CGMS opened at $27.41 on Tuesday. The firm has a market capitalization of $4.68 billion, a PE ratio of 10.71 and a beta of 0.29. 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 company has a 50-day moving average price of $27.51 and a two-hundred day moving average price of $27.57.

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.