Capital Group U.S. Multi-Sector Income ETF $CGMS is EQ Wealth Advisors LLC’s 2nd Largest Position

EQ Wealth Advisors LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 638,390 shares of the company’s stock after buying an additional 43,972 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 10.2% of EQ Wealth Advisors LLC’s portfolio, making the stock its 2nd largest holding. EQ Wealth Advisors LLC owned about 0.37% of Capital Group U.S. Multi-Sector Income ETF worth $17,383,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV grew its position 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 lifted its position in Capital Group U.S. Multi-Sector Income ETF by 0.4% in the third quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock valued at $2,931,000 after purchasing an additional 385 shares during the last quarter. Burford Brothers Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.4% in the first quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock valued at $843,000 after purchasing an additional 414 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.8% during the fourth quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock valued at $1,501,000 after purchasing an additional 439 shares during the period. Finally, Bridgewealth Advisory Group LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after purchasing an additional 445 shares during the last quarter.

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

Shares of NYSEARCA CGMS traded down $0.03 during mid-day trading on Friday, hitting $27.28. The stock had a trading volume of 1,043,672 shares, compared to its average volume of 1,009,018. The business has a 50 day moving average price of $27.43 and a two-hundred day moving average price of $27.54. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $27.01 and a 1 year high of $28.08. The firm has a market cap of $5.20 billion, a P/E ratio of 10.71 and a beta of 0.29.

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.