Cetera Investment Advisers Boosts Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cetera Investment Advisers boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 17.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,296,149 shares of the company’s stock after purchasing an additional 646,551 shares during the period. Cetera Investment Advisers owned approximately 2.51% of Capital Group U.S. Multi-Sector Income ETF worth $116,984,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Carson Advisory Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 19.5% in the 1st quarter. Carson Advisory Inc. now owns 11,062 shares of the company’s stock valued at $301,000 after buying an additional 1,805 shares during the period. Advisortrust Partners LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 63.4% in the first quarter. Advisortrust Partners LLC now owns 54,537 shares of the company’s stock worth $1,485,000 after buying an additional 21,166 shares during the last quarter. Independent Financial Group LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth about $343,000. Bank of New York Mellon Corp acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth about $489,000. Finally, Geneos Wealth Management Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 25.6% during the first quarter. Geneos Wealth Management Inc. now owns 13,142 shares of the company’s stock valued at $358,000 after acquiring an additional 2,679 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3%

Shares of NYSEARCA:CGMS opened at $27.10 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $27.01 and a 12-month high of $28.08. The company has a market capitalization of $5.20 billion, a PE ratio of 10.71 and a beta of 0.29. The business has a 50 day moving average of $27.39 and a two-hundred day moving average of $27.51.

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.