Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Stock Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 422.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 593,647 shares of the company’s stock after buying an additional 479,935 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 9.28% of Capital Group U.S. Multi-Sector Income ETF worth $16,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 95.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 777,213 shares of the company’s stock worth $20,977,000 after acquiring an additional 379,948 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 237.3% in the 3rd quarter. LPL Financial LLC now owns 474,407 shares of the company’s stock worth $12,109,000 after acquiring an additional 333,766 shares during the last quarter. Winch Advisory Services LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 8,056.9% in the 4th quarter. Winch Advisory Services LLC now owns 285,248 shares of the company’s stock worth $7,699,000 after acquiring an additional 281,751 shares during the last quarter. Valmark Advisers Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $5,883,000. Finally, Raymond James & Associates acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $4,681,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.2 %

Shares of CGMS stock opened at $26.92 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $25.00 and a 1-year high of $27.32. The stock’s fifty day simple moving average is $26.95 and its 200-day simple moving average is $26.94.

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.