Milestone Investment Advisors LLC Has $660,000 Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Milestone Investment Advisors LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,703 shares of the company’s stock after purchasing an additional 2,193 shares during the period. Milestone Investment Advisors LLC owned 0.09% of Capital Group U.S. Multi-Sector Income ETF worth $660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $32,000. NBC Securities Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at approximately $34,000. Olistico Wealth LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 149.5% during the 3rd quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock worth $38,000 after buying an additional 822 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $50,000. Finally, Comerica Bank increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 250.0% during the first quarter. Comerica Bank now owns 2,100 shares of the company’s stock worth $57,000 after acquiring an additional 1,500 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.7 %

Shares of NYSEARCA CGMS opened at $27.57 on Wednesday. The company has a fifty day moving average price of $27.69 and a 200 day moving average price of $27.33. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $25.56 and a 1-year high of $28.00.

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

The firm also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a dividend of $0.1076 per share. The ex-dividend date of this dividend 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.