Waterfront Wealth Inc. Has $595,000 Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Waterfront Wealth Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,800 shares of the company’s stock after purchasing an additional 798 shares during the quarter. Waterfront Wealth Inc. owned about 0.08% of Capital Group U.S. Multi-Sector Income ETF worth $595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Great Valley Advisor Group Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $46,477,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after purchasing an additional 479,500 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 453.4% in the 3rd quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock valued at $13,859,000 after buying an additional 407,858 shares during the period. EQ Wealth Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $10,477,000. Finally, Creative Financial Designs Inc. ADV raised its stake in Capital Group U.S. Multi-Sector Income ETF by 2,658.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 321,870 shares of the company’s stock worth $8,961,000 after buying an additional 310,200 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0 %

CGMS stock opened at $27.57 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00. The business’s 50-day moving average price is $27.39 and its two-hundred day moving average price is $27.54.

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

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a dividend of $0.1089 per share. 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.