Element Wealth LLC Makes New $851,000 Investment in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Element Wealth LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,202 shares of the company’s stock, valued at approximately $851,000. Element Wealth LLC owned about 0.12% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $59,000. Waterfront Wealth Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 3.8% during the 4th quarter. Waterfront Wealth Inc. now owns 21,800 shares of the company’s stock worth $595,000 after purchasing an additional 798 shares during the last quarter. Private Advisor Group LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 21.2% during the 4th quarter. Private Advisor Group LLC now owns 391,446 shares of the company’s stock worth $10,679,000 after purchasing an additional 68,553 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 61.0% during the 4th quarter. Global Retirement Partners LLC now owns 20,988 shares of the company’s stock worth $573,000 after purchasing an additional 7,950 shares during the last quarter. Finally, Kestra Investment Management LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 34.4% during the 4th quarter. Kestra Investment Management LLC now owns 23,199 shares of the company’s stock worth $633,000 after purchasing an additional 5,933 shares during the last quarter.

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

Shares of NYSEARCA:CGMS opened at $27.57 on Friday. The business has a 50-day moving average price of $27.39 and a two-hundred day moving average price of $27.54. 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 Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a $0.1089 dividend. The ex-dividend date was Friday, January 31st.

About Capital Group U.S. Multi-Sector Income ETF

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.