Private Advisor Group LLC Buys 68,553 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Private Advisor Group LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 21.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 391,446 shares of the company’s stock after purchasing an additional 68,553 shares during the quarter. Private Advisor Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $10,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Great Valley Advisor Group Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $46,477,000. Wealth Enhancement Advisory Services LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 58.9% during 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 grew its holdings 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 worth $19,621,000 after acquiring an additional 145,538 shares during the period. Raymond James & Associates raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 12.9% in the 3rd 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 lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 3.2% in the 4th quarter. TrueWealth Advisors LLC now owns 621,840 shares of the company’s stock valued at $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 CGMS stock opened at $27.56 on Friday. The business’s fifty day moving average is $27.39 and its 200 day moving average is $27.54. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.49 and a twelve month high of $28.00.

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

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

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.