Beacon Financial Advisory LLC Invests $283,000 in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Beacon Financial Advisory LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,179 shares of the company’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lodestone Wealth Management LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% during the second quarter. Lodestone Wealth Management LLC now owns 40,967 shares of the company’s stock worth $1,103,000 after purchasing an additional 467 shares during the last quarter. Continuum Advisory LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 13.1% in the second quarter. Continuum Advisory LLC now owns 5,171 shares of the company’s stock valued at $139,000 after acquiring an additional 599 shares during the period. Pillar Wealth Advisors LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 1.3% in the first quarter. Pillar Wealth Advisors LLC now owns 51,543 shares of the company’s stock valued at $1,394,000 after acquiring an additional 649 shares during the period. Capital Planning LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% during the second quarter. Capital Planning LLC now owns 25,761 shares of the company’s stock valued at $693,000 after buying an additional 716 shares during the last quarter. Finally, Olistico Wealth LLC boosted its position in shares of 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 valued at $38,000 after buying an additional 822 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.9 %

Shares of CGMS stock opened at $27.33 on Thursday. The firm’s 50-day simple moving average is $27.69 and its two-hundred day simple moving average is $27.33. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $25.56 and a 52 week 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, September 30th. Stockholders of record on Friday, September 27th were issued a $0.1076 dividend. The ex-dividend date was Friday, September 27th.

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