Osaic Holdings Inc. Has $19.60 Million Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Osaic Holdings Inc. trimmed its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 11.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 724,763 shares of the company’s stock after selling 89,397 shares during the period. Osaic Holdings Inc. owned about 2.79% of Capital Group U.S. Multi-Sector Income ETF worth $19,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGMS. Private Trust Co. NA acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $25,000. Northwest Financial Advisors acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $31,000. FinTrust Capital Advisors LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 1,221.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 3,000 shares of the company’s stock valued at $81,000 after buying an additional 2,773 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $84,000. Finally, WESPAC Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $216,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.2 %

CGMS stock traded up $0.05 during midday trading on Monday, hitting $27.32. The company’s stock had a trading volume of 704,797 shares, compared to its average volume of 277,626. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $25.00 and a twelve month high of $27.62. The company’s fifty day moving average price is $27.07 and its 200 day moving average price is $26.96.

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.