9,870 Shares in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Bought by Modern Wealth Management LLC

Modern Wealth Management LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 9,870 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 70.2% during the 4th quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock worth $148,549,000 after buying an additional 2,245,608 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $40,790,000. Stifel Financial Corp raised its position in Capital Group U.S. Multi-Sector Income ETF by 453.4% in the third quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock worth $13,859,000 after acquiring an additional 407,858 shares in the last quarter. Atria Investments Inc lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 990.3% in the fourth quarter. Atria Investments Inc now owns 434,488 shares of the company’s stock valued at $11,853,000 after acquiring an additional 394,636 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $10,477,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.4 %

Shares of CGMS opened at $27.30 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.49 and a 52-week high of $28.00. The company has a 50-day simple moving average of $27.49 and a 200-day simple moving average of $27.53. The company has a market capitalization of $2.49 billion, a PE ratio of 10.88 and a beta of 0.38.

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

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 28th will be given a dividend of $0.1376 per share. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date is Friday, March 28th.

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.