Hoylecohen LLC Takes $1.72 Million Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Hoylecohen LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,814 shares of the company’s stock, valued at approximately $1,722,000. Hoylecohen LLC owned 1.00% of Capital Group U.S. Multi-Sector Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGMS. TrueWealth Advisors LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $10,128,000. Commonwealth Equity Services LLC lifted its stake 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 valued at $20,977,000 after purchasing an additional 379,948 shares during the last quarter. LPL Financial LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 237.3% in the third quarter. LPL Financial LLC now owns 474,407 shares of the company’s stock worth $12,109,000 after purchasing an additional 333,766 shares in the last quarter. Winch Advisory Services LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 8,056.9% during the fourth quarter. Winch Advisory Services LLC now owns 285,248 shares of the company’s stock valued at $7,699,000 after buying an additional 281,751 shares in the last quarter. Finally, Valmark Advisers Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $5,883,000.

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

NYSEARCA:CGMS traded up $0.05 during midday trading on Friday, reaching $27.01. The stock had a trading volume of 183,017 shares, compared to its average volume of 253,792. 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 firm’s fifty day simple moving average is $26.89 and its 200-day simple moving average is $26.79.

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.