Concurrent Investment Advisors LLC Sells 11,485 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Concurrent Investment Advisors LLC decreased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 156,111 shares of the company’s stock after selling 11,485 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $4,259,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Great Valley Advisor Group Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $46,477,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock valued at $36,016,000 after acquiring an additional 479,500 shares in the last quarter. Winch Advisory Services LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 25.4% during the 4th quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock valued at $19,621,000 after acquiring an additional 145,538 shares during the period. Raymond James & Associates boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 12.9% during the third quarter. Raymond James & Associates now owns 645,815 shares of the company’s stock worth $17,979,000 after acquiring an additional 73,931 shares in the last quarter. Finally, TrueWealth Advisors LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 3.2% in the fourth quarter. TrueWealth Advisors LLC now owns 621,840 shares of the company’s stock worth $16,964,000 after purchasing an additional 19,182 shares during the period.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.56 on Friday. The business has a 50-day simple moving average of $27.39 and a 200 day simple moving average of $27.54. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a $0.1089 dividend. The ex-dividend date was Friday, January 31st.

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.