Redhawk Wealth Advisors Inc. Increases Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Redhawk Wealth Advisors Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,364 shares of the company’s stock after purchasing an additional 27,722 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 1.9% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 9th biggest position. Redhawk Wealth Advisors Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $13,151,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth about $32,000. Olistico Wealth LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% in the 3rd quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock worth $38,000 after purchasing an additional 822 shares during the last quarter. Comerica Bank raised its position in Capital Group U.S. Multi-Sector Income ETF by 250.0% in the 1st quarter. Comerica Bank now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,500 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 1,221.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 3,000 shares of the company’s stock worth $81,000 after buying an additional 2,773 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $84,000.

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

Shares of NYSEARCA:CGMS opened at $27.65 on Monday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.00 and a fifty-two week high of $28.00. The business has a 50-day simple moving average of $27.68 and a two-hundred day simple moving average of $27.24.

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

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.1076 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.