MFA Wealth Services Invests $1.88 Million in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

MFA Wealth Services acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 68,771 shares of the company’s stock, valued at approximately $1,876,000. Capital Group U.S. Multi-Sector Income ETF makes up approximately 1.5% of MFA Wealth Services’ portfolio, making the stock its 16th largest holding. MFA Wealth Services owned 0.26% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock valued at $754,000 after purchasing an additional 465 shares in the last quarter. Von Berge Wealth Management Group LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.7% in the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after buying an additional 482 shares in the last quarter. CAP Partners LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.3% in the 3rd quarter. CAP Partners LLC now owns 18,894 shares of the company’s stock worth $526,000 after acquiring an additional 777 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.3% during the 4th quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock worth $320,000 after acquiring an additional 795 shares during the period. Finally, Olistico Wealth LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% during the 3rd quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock worth $38,000 after acquiring an additional 822 shares during the period.

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

Shares of CGMS opened at $27.42 on Friday. 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 firm has a 50-day moving average price of $27.43 and a 200 day moving average price of $27.51.

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

The company 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 an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.