Kestra Investment Management LLC Grows Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Kestra Investment Management LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 34.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,199 shares of the company’s stock after acquiring an additional 5,933 shares during the quarter. Kestra Investment Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $31,000. Strategic Investment Solutions Inc. IL purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $51,000. AdvisorNet Financial Inc purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $74,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $74,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.2 %

CGMS stock opened at $27.51 on Wednesday. The business’s fifty day simple moving average is $27.39 and its two-hundred day simple moving average is $27.54. 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 company also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a dividend of $0.1089 per share. The ex-dividend date of this dividend was 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.