Private Advisor Group LLC Buys 237,379 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Private Advisor Group LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 277.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 322,893 shares of the company’s stock after purchasing an additional 237,379 shares during the period. Private Advisor Group LLC owned approximately 1.24% of Capital Group U.S. Multi-Sector Income ETF worth $8,989,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGMS. Wealth Enhancement Advisory Services LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 422.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 593,647 shares of the company’s stock worth $16,052,000 after buying an additional 479,935 shares in the last quarter. Vicus Capital boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 5.9% during the 1st quarter. Vicus Capital now owns 176,505 shares of the company’s stock worth $4,773,000 after acquiring an additional 9,850 shares in the last quarter. Founders Financial Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at approximately $267,000. Trilogy Capital Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 53.9% during the first quarter. Trilogy Capital Inc. now owns 75,836 shares of the company’s stock valued at $2,051,000 after purchasing an additional 26,567 shares in the last quarter. Finally, CAP Partners LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth $431,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.2 %

Shares of CGMS stock opened at $27.54 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.07 and a fifty-two week high of $28.00. The stock’s fifty day moving average price is $27.73 and its two-hundred day moving average price is $27.28.

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

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.1076 dividend. The ex-dividend date was Friday, September 27th.

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.