Modern Wealth Management LLC Purchases New Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Modern Wealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,870 shares of the company’s stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGMS. LPL Financial LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 70.2% in the 4th quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock valued at $148,549,000 after purchasing an additional 2,245,608 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 11.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,714,154 shares of the company’s stock valued at $46,762,000 after buying an additional 182,327 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $40,790,000. Winch Advisory Services LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 25.4% during the fourth quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock worth $19,621,000 after acquiring an additional 145,538 shares during the last quarter. Finally, TrueWealth Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 3.2% in the 4th quarter. TrueWealth Advisors LLC now owns 621,840 shares of the company’s stock valued at $16,964,000 after acquiring an additional 19,182 shares during the period.

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

Shares of NYSEARCA:CGMS opened at $27.30 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00. The stock has a market cap of $2.49 billion, a P/E ratio of 10.88 and a beta of 0.38. The firm has a fifty day moving average price of $27.49 and a 200 day moving average price of $27.53.

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

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1376 per share. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date is Friday, March 28th.

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.