Winch Advisory Services LLC Purchases 145,538 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Winch Advisory Services LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 719,243 shares of the company’s stock after buying an additional 145,538 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 5.1% of Winch Advisory Services LLC’s portfolio, making the stock its 5th biggest position. Winch Advisory Services LLC owned about 2.77% of Capital Group U.S. Multi-Sector Income ETF worth $19,621,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Redhawk Wealth Advisors Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 19.8% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 565,918 shares of the company’s stock worth $15,438,000 after acquiring an additional 93,554 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $51,000. Pines Wealth Management LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $686,000. KWB Wealth acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $2,716,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $74,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.9 %

Shares of NYSEARCA:CGMS opened at $27.37 on Thursday. 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 business has a fifty day simple moving average of $27.44 and a 200 day simple moving average of $27.50.

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 paid a dividend of $0.127 per share. The ex-dividend date was Friday, November 29th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.