Level Four Advisory Services LLC Acquires 16,097 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Level Four Advisory Services LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,681 shares of the company’s stock after buying an additional 16,097 shares during the period. Level Four Advisory Services LLC owned 0.43% of Capital Group U.S. Multi-Sector Income ETF worth $3,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 70.2% during the 4th quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock worth $148,549,000 after acquiring an additional 2,245,608 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $40,790,000. Stifel Financial Corp boosted its position in Capital Group U.S. Multi-Sector Income ETF by 453.4% in the 3rd quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock valued at $13,859,000 after buying an additional 407,858 shares during the period. Atria Investments Inc increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 990.3% during the 4th quarter. Atria Investments Inc now owns 434,488 shares of the company’s stock worth $11,853,000 after purchasing an additional 394,636 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $10,477,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.4 %

Shares of NYSEARCA CGMS opened at $27.30 on Friday. The stock’s fifty day simple moving average is $27.49 and its two-hundred day simple moving average is $27.53. 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 stock has a market capitalization of $2.49 billion, a PE ratio of 10.88 and a beta of 0.38.

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

The company also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 28th will be given a $0.1376 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend is 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.