Mascagni Wealth Management Inc. Raises Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Mascagni Wealth Management Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 29.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,520 shares of the company’s stock after purchasing an additional 23,219 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up approximately 2.0% of Mascagni Wealth Management Inc.’s investment portfolio, making the stock its 11th biggest position. Mascagni Wealth Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,792,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CGMS. Cassady Wealth & Retirement Planning LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 65.8% in the first quarter. Cassady Wealth & Retirement Planning LLC now owns 82,451 shares of the company’s stock worth $2,262,000 after buying an additional 32,733 shares in the last quarter. Centaurus Financial Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at approximately $300,000. Arkadios Wealth Advisors increased its stake in Capital Group U.S. Multi-Sector Income ETF by 103.5% in the 1st quarter. Arkadios Wealth Advisors now owns 40,963 shares of the company’s stock worth $1,115,000 after acquiring an additional 20,834 shares during the last quarter. IFS Group LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth approximately $275,000. Finally, Sunbelt Securities Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 19.8% in the 1st quarter. Sunbelt Securities Inc. now owns 516,085 shares of the company’s stock worth $14,053,000 after acquiring an additional 85,162 shares during the last quarter.

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

Shares of CGMS opened at $27.19 on Friday. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $27.01 and a 1 year high of $28.08. The business’s 50 day simple moving average is $27.36 and its 200-day simple moving average is $27.49.

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.