HighTower Advisors LLC Sells 3,012 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

HighTower Advisors LLC reduced its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,808 shares of the company’s stock after selling 3,012 shares during the period. HighTower Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $51,000. VisionPoint Advisory Group LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $59,000. Larson Financial Group LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 26.6% during the fourth quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after purchasing an additional 551 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $74,000. Finally, HHM Wealth Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $74,000.

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

Shares of CGMS stock opened at $27.37 on Thursday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 10.88 and a beta of 0.38. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00. The company’s 50-day moving average is $27.49 and its 200 day moving average is $27.52.

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

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were issued a dividend of $0.1376 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, March 28th.

About Capital Group U.S. Multi-Sector Income ETF

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.