Steward Partners Investment Advisory LLC Buys 10,652 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Steward Partners Investment Advisory LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 165.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,088 shares of the company’s stock after purchasing an additional 10,652 shares during the quarter. Steward Partners Investment Advisory LLC owned 0.07% of Capital Group U.S. Multi-Sector Income ETF worth $466,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $51,000. Brookstone Capital Management acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $542,000. Farther Finance Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $84,000. Janney Montgomery Scott LLC boosted its position in 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 boosted its position in 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 Price Performance

NYSEARCA:CGMS opened at $27.36 on Thursday. The firm has a market cap of $2.41 billion, a PE ratio of 16.63 and a beta of 0.39. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.49 and a 12 month high of $28.00. The company’s 50-day moving average price is $27.45 and its two-hundred day moving average price is $27.55.

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 given 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.