Pines Wealth Management LLC Invests $686,000 in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Pines Wealth Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 25,295 shares of the company’s stock, valued at approximately $686,000. Pines Wealth Management LLC owned about 0.10% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at $31,000. NBC Securities Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $34,000. Olistico Wealth LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 149.5% in the 3rd quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock valued at $38,000 after purchasing an additional 822 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $50,000. Finally, AdvisorNet Financial Inc acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $74,000.

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

NYSEARCA CGMS opened at $27.12 on Wednesday. The company has a 50-day moving average price of $27.45 and a two-hundred day moving average price of $27.50. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.49 and a 52 week high of $28.00.

Capital Group U.S. Multi-Sector Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were paid a $0.127 dividend. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date was Friday, November 29th.

Capital Group U.S. Multi-Sector Income ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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