Harbour Investments Inc. Increases Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Harbour Investments Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,729 shares of the company’s stock after acquiring an additional 34,313 shares during the quarter. Harbour Investments Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $6,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Von Berge Wealth Management Group LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after acquiring an additional 482 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 26.6% in the fourth quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after acquiring an additional 551 shares in the last quarter. Barnes Pettey Financial Advisors LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 6.2% in the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock valued at $317,000 after acquiring an additional 683 shares in the last quarter. CAP Partners LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.3% in the third quarter. CAP Partners LLC now owns 18,894 shares of the company’s stock valued at $526,000 after acquiring an additional 777 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock valued at $320,000 after acquiring an additional 795 shares in the last quarter.

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

CGMS stock opened at $27.35 on Friday. The business has a 50-day moving average price of $27.45 and a 200 day moving average price of $27.54. The company has a market capitalization of $2.41 billion, a P/E ratio of 16.63 and a beta of 0.39. 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 company also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were issued a $0.1089 dividend. The ex-dividend date 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.