ST Germain D J Co. Inc. Grows Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

ST Germain D J Co. Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,965 shares of the company’s stock after purchasing an additional 34,667 shares during the period. ST Germain D J Co. Inc. owned 1.25% of Capital Group U.S. Multi-Sector Income ETF worth $8,838,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SK Wealth Management LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $871,000. Forthright Family Wealth Advisory LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $2,359,000. Continuum Advisory LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 119.9% during the 3rd quarter. Continuum Advisory LLC now owns 11,373 shares of the company’s stock valued at $312,000 after buying an additional 6,202 shares in the last quarter. MML Investors Services LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.8% in the 3rd quarter. MML Investors Services LLC now owns 416,950 shares of the company’s stock worth $11,608,000 after buying an additional 68,972 shares during the period. Finally, Stifel Financial Corp grew its stake in Capital Group U.S. Multi-Sector Income ETF by 453.4% in the 3rd quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock valued at $13,859,000 after buying an additional 407,858 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.4 %

CGMS stock traded down $0.11 during midday trading on Friday, reaching $27.13. 244,352 shares of the company’s stock traded hands, compared to its average volume of 496,504. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.49 and a 52 week high of $28.00. The company has a 50-day moving average price of $27.45 and a two-hundred day moving average price of $27.49.

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

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

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.