Koshinski Asset Management Inc. Takes Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Koshinski Asset Management Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,201 shares of the company’s stock, valued at approximately $1,015,000.

Other large investors also recently made changes to their positions in the company. M.E. Allison & CO. Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth approximately $243,000. TruWealth Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 42.9% during the fourth quarter. TruWealth Advisors LLC now owns 512,303 shares of the company’s stock worth $13,976,000 after purchasing an additional 153,741 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 35.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 41,992 shares of the company’s stock worth $1,146,000 after purchasing an additional 11,057 shares in the last quarter. Arkadios Wealth Advisors grew its position in Capital Group U.S. Multi-Sector Income ETF by 7.3% in the 4th quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock valued at $320,000 after purchasing an additional 795 shares during the period. Finally, TrueWealth Advisors LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 3.2% during the 4th quarter. TrueWealth Advisors LLC now owns 621,840 shares of the company’s stock valued at $16,964,000 after purchasing an additional 19,182 shares in the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.48 on Wednesday. The firm’s fifty day moving average price is $27.43 and its two-hundred day moving average price is $27.51. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were given a $0.127 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date was Friday, November 29th.

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.