NewCorp Financial Services Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 126,569 shares of the company’s stock, valued at approximately $3,496,000. Capital Group U.S. Multi-Sector Income ETF makes up 3.1% of NewCorp Financial Services Inc.’s holdings, making the stock its 11th biggest position. NewCorp Financial Services Inc. owned about 0.08% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock valued at $968,000 after buying an additional 373 shares in the last quarter. Wayfinding Financial LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% in the third quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock valued at $2,931,000 after buying an additional 385 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.9% in the third quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock valued at $647,000 after buying an additional 432 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.8% in the fourth quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock valued at $1,501,000 after buying an additional 439 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock valued at $455,000 after buying an additional 445 shares in the last quarter.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.48 on Monday. The business has a fifty day simple moving average of $27.46 and a two-hundred day simple moving average of $27.60. 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 company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30.
Capital Group U.S. Multi-Sector Income ETF Company 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.
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