9823 Capital L.P. bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 50,869 shares of the company’s stock, valued at approximately $1,405,000. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 1.0% of 9823 Capital L.P.’s investment portfolio, making the stock its 12th largest holding.
A number of other institutional investors have also modified their holdings of CGMS. Focus Partners Wealth acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at approximately $1,048,000. NewEdge Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% in the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after purchasing an additional 68,484 shares during the period. CLG LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,261 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% in the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after purchasing an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $230,000.
Capital Group U.S. Multi-Sector Income ETF Trading Down 0.4%
NYSEARCA:CGMS opened at $27.40 on Thursday. The firm has a market cap of $4.68 billion, a P/E ratio of 10.71 and a beta of 0.29. The stock’s 50 day simple moving average is $27.51 and its 200-day simple moving average is $27.58. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $27.01 and a 12-month 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.
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