WESPAC Advisors LLC Cuts Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

WESPAC Advisors LLC trimmed its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,672 shares of the company’s stock after selling 569 shares during the quarter. WESPAC Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $591,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $51,000. Brookstone Capital Management acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $542,000. Farther Finance Advisors LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $84,000. Janney Montgomery Scott LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 30.8% in the third quarter. Janney Montgomery Scott LLC now owns 57,816 shares of the company’s stock valued at $1,610,000 after buying an additional 13,608 shares in the last quarter. Finally, Von Berge Wealth Management Group LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after buying an additional 482 shares in the last quarter.

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 stock 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 Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid 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.