Carmel Capital Partners LLC Buys 28,398 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Carmel Capital Partners LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 8.2% in the 1st quarter, Holdings Channel reports. The fund owned 372,971 shares of the company’s stock after buying an additional 28,398 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up 3.7% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 4th largest position. Carmel Capital Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $10,156,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CGMS. D.A. Davidson & CO. increased its position in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the fourth quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock worth $6,234,000 after purchasing an additional 18,758 shares during the last quarter. Bouvel Investment Partners LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.5% in the 4th quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock valued at $6,407,000 after purchasing an additional 20,104 shares during the last quarter. Capital Advantage Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 6.4% in the 4th quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock valued at $63,752,000 after buying an additional 138,954 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 43.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock valued at $4,887,000 after buying an additional 53,998 shares during the period. Finally, Stephens Inc. AR increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 12.7% during the 4th quarter. Stephens Inc. AR now owns 682,526 shares of the company’s stock worth $18,851,000 after buying an additional 76,839 shares during the last quarter.

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

CGMS stock opened at $27.28 on Friday. The firm has a market cap of $5.16 billion, a PE ratio of 10.71 and a beta of 0.29. The firm’s 50 day moving average price is $27.43 and its 200-day moving average price is $27.54. Capital Group U.S. Multi-Sector Income ETF has a one year low of $27.01 and a one year 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.