Kingsview Wealth Management LLC Boosts Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Kingsview Wealth Management LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,573 shares of the company’s stock after purchasing an additional 17,612 shares during the period. Kingsview Wealth Management LLC owned 0.59% of Capital Group U.S. Multi-Sector Income ETF worth $4,217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV lifted its stake 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 worth $754,000 after buying an additional 465 shares in the last quarter. Von Berge Wealth Management Group LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after buying an additional 482 shares in the last quarter. Barnes Pettey Financial Advisors LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 6.2% in the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock worth $317,000 after buying an additional 683 shares in the last quarter. CAP Partners LLC lifted its stake 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 buying an additional 777 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of 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 worth $320,000 after buying an additional 795 shares in the last quarter.

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

NYSEARCA:CGMS opened at $27.44 on Friday. The company’s 50-day moving average price is $27.42 and its 200-day moving average price is $27.53. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.49 and a twelve month high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a $0.1089 dividend. The ex-dividend date was Friday, January 31st.

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.