Advisortrust Partners LLC Increases Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Advisortrust Partners LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 63.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 54,537 shares of the company’s stock after acquiring an additional 21,166 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 0.6% of Advisortrust Partners LLC’s holdings, making the stock its 29th biggest holding. Advisortrust Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGMS. Independent Financial Group LLC purchased a new stake in shares of 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 shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $489,000. Geneos Wealth Management Inc. grew its position in shares of 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 worth $358,000 after buying an additional 2,679 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 23.8% in the first quarter. Sanctuary Advisors LLC now owns 377,176 shares of the company’s stock worth $10,270,000 after buying an additional 72,431 shares during the last quarter. Finally, Sigma Planning Corp raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 116.6% in the first quarter. Sigma Planning Corp now owns 36,471 shares of the company’s stock valued at $993,000 after acquiring an additional 19,632 shares in the last quarter.

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

Shares of NYSEARCA CGMS opened at $27.30 on Friday. The stock has a market capitalization of $5.21 billion, a P/E ratio of 10.71 and a beta of 0.29. The stock’s 50 day moving average price is $27.41 and its two-hundred day moving average price is $27.53. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $27.01 and a 52-week high of $28.08.

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.