Centennial Wealth Advisory LLC Has $12.36 Million Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Centennial Wealth Advisory LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 99.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 453,756 shares of the company’s stock after acquiring an additional 226,312 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for about 3.0% of Centennial Wealth Advisory LLC’s portfolio, making the stock its 10th largest position. Centennial Wealth Advisory LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $12,356,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CGMS. Total Clarity Wealth Management Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 0.4% during the first quarter. Total Clarity Wealth Management Inc. now owns 110,996 shares of the company’s stock valued at $3,022,000 after purchasing an additional 488 shares in the last quarter. Clear Trail Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at $9,727,000. Balboa Wealth Partners bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at $798,000. Swisher Financial Concepts Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 12.0% in the first quarter. Swisher Financial Concepts Inc. now owns 277,457 shares of the company’s stock valued at $7,555,000 after acquiring an additional 29,715 shares during the period. Finally, Uhlmann Price Securities LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 20.1% during the first quarter. Uhlmann Price Securities LLC now owns 32,147 shares of the company’s stock worth $875,000 after acquiring an additional 5,380 shares in the last quarter.

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

Shares of NYSEARCA CGMS opened at $27.42 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $27.01 and a 52-week high of $28.08. The business has a fifty day moving average of $27.51 and a two-hundred day moving average of $27.57. The stock has a market cap of $4.69 billion, a PE ratio of 10.71 and a beta of 0.29.

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.