KWB Wealth Takes $2.72 Million Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

KWB Wealth purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, Holdings Channel reports. The firm purchased 97,553 shares of the company’s stock, valued at approximately $2,716,000.

A number of other hedge funds have also recently added to or reduced their stakes in CGMS. Great Valley Advisor Group Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth $46,477,000. Commonwealth Equity Services LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 26.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,531,827 shares of the company’s stock valued at $42,646,000 after buying an additional 320,620 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock valued at $38,418,000 after buying an additional 953,285 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after acquiring an additional 479,500 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 185.8% during the 2nd quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after acquiring an additional 594,834 shares in the last quarter.

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

Shares of CGMS opened at $27.10 on Tuesday. The firm has a 50 day simple moving average of $27.45 and a two-hundred day simple moving average of $27.50. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.127 per share. The ex-dividend date was Friday, November 29th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.