Global Retirement Partners LLC Invests $363,000 in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Global Retirement Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,038 shares of the company’s stock, valued at approximately $363,000. Global Retirement Partners LLC owned approximately 0.05% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Good Life Advisors LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 167.3% during the 3rd quarter. Good Life Advisors LLC now owns 49,838 shares of the company’s stock worth $1,388,000 after purchasing an additional 31,193 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $227,000. NBC Securities Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $34,000. Redhawk Wealth Advisors Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 6.2% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 472,364 shares of the company’s stock valued at $13,151,000 after acquiring an additional 27,722 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 21.7% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 10,209 shares of the company’s stock valued at $284,000 after acquiring an additional 1,820 shares during the period.

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

CGMS opened at $27.55 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $25.00 and a 1-year high of $28.00. The stock’s fifty day simple moving average is $27.72 and its 200 day simple moving average is $27.27.

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

The firm also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were paid a $0.1076 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.