CAP Partners LLC Increases Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

CAP Partners LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,688 shares of the company’s stock after purchasing an additional 794 shares during the period. CAP Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CGMS. Kestra Private Wealth Services LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $464,000. Stephens Inc. AR lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 10.3% in the fourth quarter. Stephens Inc. AR now owns 605,579 shares of the company’s stock valued at $16,520,000 after purchasing an additional 56,544 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 13.8% during the fourth quarter. Moloney Securities Asset Management LLC now owns 13,815 shares of the company’s stock worth $377,000 after buying an additional 1,674 shares in the last quarter. Kingsview Wealth Management LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 12.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 154,573 shares of the company’s stock worth $4,217,000 after buying an additional 17,612 shares during the period. Finally, Apollon Wealth Management LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 33.3% in the fourth quarter. Apollon Wealth Management LLC now owns 62,665 shares of the company’s stock valued at $1,709,000 after buying an additional 15,663 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1 %

CGMS stock opened at $27.47 on Tuesday. The firm has a 50 day moving average of $27.42 and a 200-day moving average of $27.54. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.49 and a 12-month high of $28.00.

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

The company also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders 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.