Global Retirement Partners LLC Grows Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Global Retirement Partners LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 61.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,988 shares of the company’s stock after acquiring an additional 7,950 shares during the quarter. Global Retirement Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Kestra Investment Management LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 34.4% in the 4th quarter. Kestra Investment Management LLC now owns 23,199 shares of the company’s stock valued at $633,000 after buying an additional 5,933 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 24.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 518,470 shares of the company’s stock valued at $14,144,000 after purchasing an additional 101,945 shares during the period. D.A. Davidson & CO. bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $4,047,000. Truist Financial Corp bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $1,165,000. Finally, 5T Wealth LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $2,225,000.

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

Shares of NYSEARCA:CGMS opened at $27.57 on Friday. The firm has a fifty day moving average price of $27.39 and a two-hundred day moving average price 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 company also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were issued 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.