Pines Wealth Management LLC Acquires Shares of 25,295 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Pines Wealth Management LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,295 shares of the company’s stock, valued at approximately $686,000.

Other institutional investors have also made changes to their positions in the company. KWB Wealth acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $2,716,000. AdvisorNet Financial Inc purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $74,000. Brookstone Capital Management acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $542,000. ST Germain D J Co. Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 12.0% during the fourth quarter. ST Germain D J Co. Inc. now owns 323,965 shares of the company’s stock valued at $8,838,000 after buying an additional 34,667 shares in the last quarter. Finally, SK Wealth Management LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at $871,000.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.12 on Wednesday. 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 50-day moving average price of $27.45 and a 200 day moving average price of $27.50.

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

The business also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given a $0.127 dividend. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date was Friday, November 29th.

About Capital Group U.S. Multi-Sector Income ETF

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.