Total Clarity Wealth Management Inc. Increases Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Total Clarity Wealth Management Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 47.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,032 shares of the company’s stock after acquiring an additional 42,287 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for 1.2% of Total Clarity Wealth Management Inc.’s portfolio, making the stock its 17th largest position. Total Clarity Wealth Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at about $32,000. Comerica Bank boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 250.0% in the first quarter. Comerica Bank now owns 2,100 shares of the company’s stock valued at $57,000 after acquiring an additional 1,500 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 1,221.6% in the first quarter. FinTrust Capital Advisors LLC now owns 3,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,773 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $84,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $109,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.3 %

Shares of CGMS opened at $27.82 on Monday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $25.00 and a 12 month high of $27.84. The stock has a fifty day moving average price of $27.47 and a 200-day moving average price of $27.13.

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

The firm also recently declared a dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 31st were paid a $0.1548 dividend. The ex-dividend date of this dividend was Wednesday, July 31st.

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.