CAP Partners LLC Buys 777 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

CAP Partners LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 4.3% during the third quarter, Holdings Channel reports. The fund owned 18,894 shares of the company’s stock after acquiring an additional 777 shares during the quarter. CAP Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $526,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Souders Financial Advisors raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 13.6% in the third quarter. Souders Financial Advisors now owns 246,122 shares of the company’s stock valued at $6,852,000 after purchasing an additional 29,534 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $673,000. Harbour Investments Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 5.3% in the 3rd quarter. Harbour Investments Inc. now owns 195,416 shares of the company’s stock worth $5,440,000 after acquiring an additional 9,829 shares during the period. Apollon Wealth Management LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 213.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 47,002 shares of the company’s stock worth $1,309,000 after acquiring an additional 31,988 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock worth $754,000 after acquiring an additional 465 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.0 %

Shares of NYSEARCA:CGMS opened at $27.40 on Monday. The stock’s 50-day moving average is $27.66 and its 200-day moving average is $27.37. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $25.91 and a 52-week high of $28.00.

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

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued a $0.1076 dividend. The ex-dividend date was Friday, September 27th.

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.