Valmark Advisers Inc. Grows Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Valmark Advisers Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 135.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,525,745 shares of the company’s stock after purchasing an additional 879,055 shares during the period. Valmark Advisers Inc. owned approximately 0.89% of Capital Group U.S. Multi-Sector Income ETF worth $41,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Focus Partners Wealth purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at $1,048,000. NewEdge Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% during the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after acquiring an additional 68,484 shares during the last quarter. CLG LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,261 shares during the period. Benjamin Edwards Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 4.6% during the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after purchasing an additional 17,345 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $230,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1%

NYSEARCA:CGMS traded down $0.03 on Friday, hitting $27.28. The stock had a trading volume of 1,043,672 shares, compared to its average volume of 1,009,018. The company has a fifty day moving average price of $27.43 and a two-hundred day moving average price of $27.54. 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 stock has a market cap of $5.20 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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.