Lodestone Wealth Management LLC Grows Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Lodestone Wealth Management LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 72,934 shares of the company’s stock after acquiring an additional 9,341 shares during the quarter. Lodestone Wealth Management LLC owned about 0.28% of Capital Group U.S. Multi-Sector Income ETF worth $1,990,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Great Valley Advisor Group Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $46,477,000. Commonwealth Equity Services LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 26.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,531,827 shares of the company’s stock valued at $42,646,000 after acquiring an additional 320,620 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock valued at $36,016,000 after acquiring an additional 479,500 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 25.4% in the 4th quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock valued at $19,621,000 after acquiring an additional 145,538 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Capital Group U.S. Multi-Sector Income ETF by 12.9% during the 3rd quarter. Raymond James & Associates now owns 645,815 shares of the company’s stock worth $17,979,000 after buying an additional 73,931 shares during the last quarter.

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

NYSEARCA:CGMS opened at $27.56 on Friday. The stock’s 50 day moving average price is $27.40 and its 200 day moving average price is $27.54. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.49 and a 52-week 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. Investors of record on Friday, January 31st were paid a dividend of $0.1089 per share. The ex-dividend date 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.