Capital International Investors Decreases Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Capital International Investors reduced its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 63.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the company’s stock after selling 105,000 shares during the quarter. Capital International Investors owned about 0.23% of Capital Group U.S. Multi-Sector Income ETF worth $1,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 6.0% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 8,389 shares of the company’s stock worth $226,000 after buying an additional 473 shares during the period. Lodestone Wealth Management LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 5.7% in the 4th quarter. Lodestone Wealth Management LLC now owns 11,092 shares of the company’s stock worth $299,000 after buying an additional 595 shares during the period. Pillar Wealth Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.2% in the 4th quarter. Pillar Wealth Advisors LLC now owns 50,894 shares of the company’s stock worth $1,374,000 after buying an additional 609 shares during the period. Capital Planning LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 2.8% in the 4th quarter. Capital Planning LLC now owns 23,136 shares of the company’s stock worth $628,000 after buying an additional 628 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 3.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 20,455 shares of the company’s stock worth $552,000 after buying an additional 649 shares during the period.

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

NYSEARCA:CGMS traded up $0.06 during midday trading on Friday, hitting $27.34. The company’s stock had a trading volume of 209,789 shares, compared to its average volume of 284,578. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.00 and a fifty-two week high of $27.62. The firm’s 50 day moving average is $27.09 and its 200-day moving average is $26.97.

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.