Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Acquired by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 72,934 shares of the company’s stock after acquiring an additional 9,341 shares during the period. Lodestone Wealth Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $192,000. NBC Securities Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $34,000. Cornerstone Wealth Management LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $227,000. Good Life Advisors LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 167.3% during the third quarter. Good Life Advisors LLC now owns 49,838 shares of the company’s stock valued at $1,388,000 after purchasing an additional 31,193 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $363,000.

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

Shares of CGMS stock opened at $27.56 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.49 and a 12-month high of $28.00. The business has a 50 day simple moving average of $27.40 and a 200 day simple moving average of $27.54.

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

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a dividend of $0.1089 per share. 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.