D.A. Davidson & CO. Takes Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

D.A. Davidson & CO. bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 148,332 shares of the company’s stock, valued at approximately $4,047,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Great Valley Advisor Group Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $46,477,000. Wealth Enhancement Advisory Services LLC raised 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 worth $36,016,000 after acquiring an additional 479,500 shares during the last quarter. Winch Advisory Services LLC raised 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 worth $19,621,000 after acquiring an additional 145,538 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 12.9% in the 3rd quarter. Raymond James & Associates now owns 645,815 shares of the company’s stock worth $17,979,000 after acquiring an additional 73,931 shares during the last quarter. Finally, TrueWealth Advisors LLC raised 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 worth $16,964,000 after acquiring an additional 19,182 shares during the last quarter.

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

CGMS opened at $27.56 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.49 and a fifty-two week high of $28.00. The company’s 50-day moving average is $27.39 and its 200 day moving average is $27.54.

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

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.1089 dividend. The ex-dividend date of this dividend 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.