Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 42.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,173 shares of the company’s stock after purchasing an additional 3,643 shares during the period. Bleakley Financial Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth $363,000. Good Life Advisors LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 167.3% during the third 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 acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth $227,000. NBC Securities Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth $34,000. Finally, Redhawk Wealth Advisors Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 6.2% in the third 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 last quarter.

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

Shares of CGMS opened at $27.58 on Wednesday. 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 firm has a fifty day moving average price of $27.72 and a 200 day moving average price of $27.28.

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

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

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.