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

RFP Financial Group LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 38.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,173 shares of the company’s stock after purchasing an additional 72,815 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for about 2.4% of RFP Financial Group LLC’s investment portfolio, making the stock its 14th largest position. RFP Financial Group LLC owned about 1.02% of Capital Group U.S. Multi-Sector Income ETF worth $7,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CGMS. Transcendent Capital Group LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $32,000. NBC Securities Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $34,000. Olistico Wealth LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 149.5% during the third quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock worth $38,000 after buying an additional 822 shares during the period. Comerica Bank boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 250.0% in the 1st quarter. Comerica Bank now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,500 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 1,221.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 3,000 shares of the company’s stock valued at $81,000 after buying an additional 2,773 shares during the period.

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

NYSEARCA:CGMS remained flat at $27.55 during trading hours on Tuesday. 73,446 shares of the company’s stock were exchanged, compared to its average volume of 373,287. The company’s 50-day moving average is $27.72 and its 200 day moving average is $27.27. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $25.00 and a 12 month high of $28.00.

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 paid a $0.1076 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.