Diversify Wealth Management LLC Invests $872,000 in Capital Group U.S. Multi-Sector Income ETF $CGMS

Diversify Wealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 31,641 shares of the company’s stock, valued at approximately $872,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGMS. LPL Financial LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the 4th quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock valued at $424,432,000 after acquiring an additional 3,616,255 shares in the last quarter. Morgan Stanley grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% during the 4th quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock worth $185,035,000 after acquiring an additional 183,781 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after purchasing an additional 1,658,572 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% in the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock valued at $143,686,000 after purchasing an additional 863,369 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 25.2% in the fourth quarter. UBS Group AG now owns 4,413,157 shares of the company’s stock valued at $121,891,000 after purchasing an additional 888,212 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.0%

Shares of CGMS stock opened at $27.30 on Friday. The company’s fifty day simple moving average is $27.42 and its 200-day simple moving average is $27.53. The firm has a market cap of $5.20 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $27.01 and a 12 month high of $28.08.

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.