384,059 Shares in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Acquired by EQ Wealth Advisors LLC

EQ Wealth Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 384,059 shares of the company’s stock, valued at approximately $10,477,000. Capital Group U.S. Multi-Sector Income ETF makes up about 9.0% of EQ Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. EQ Wealth Advisors LLC owned 1.48% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGMS. Nations Financial Group Inc. IA ADV grew its position in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock worth $754,000 after buying an additional 465 shares in the last quarter. Von Berge Wealth Management Group LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after purchasing an additional 482 shares in the last quarter. Barnes Pettey Financial Advisors LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 6.2% during the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock worth $317,000 after purchasing an additional 683 shares in the last quarter. CAP Partners LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.3% in the third quarter. CAP Partners LLC now owns 18,894 shares of the company’s stock worth $526,000 after purchasing an additional 777 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in Capital Group U.S. Multi-Sector Income ETF by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock valued at $320,000 after purchasing an additional 795 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.5 %

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.42 on Monday. 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’s 50-day moving average price is $27.44 and its two-hundred day moving average price is $27.53.

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

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 31st will be given a dividend of $0.1089 per share. The ex-dividend date of this dividend is Friday, January 31st.

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.