Centennial Wealth Advisory LLC Boosts Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Centennial Wealth Advisory LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 220.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,884 shares of the company’s stock after purchasing an additional 25,383 shares during the period. Centennial Wealth Advisory LLC owned about 0.14% of Capital Group U.S. Multi-Sector Income ETF worth $1,006,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $46,477,000. Commonwealth Equity Services LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 26.5% in the third quarter. Commonwealth Equity Services LLC now owns 1,531,827 shares of the company’s stock valued at $42,646,000 after buying an additional 320,620 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 58.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock valued at $36,016,000 after acquiring an additional 479,500 shares during the period. Winch Advisory Services LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 25.4% in the fourth quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock valued at $19,621,000 after purchasing an additional 145,538 shares during the period. Finally, Raymond James & Associates grew its position in Capital Group U.S. Multi-Sector Income ETF by 12.9% during the third quarter. Raymond James & Associates now owns 645,815 shares of the company’s stock worth $17,979,000 after buying an additional 73,931 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.4 %

CGMS stock opened at $27.56 on Thursday. The firm has a 50 day moving average of $27.43 and a 200-day moving average of $27.53. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.49 and a 12-month 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 given a dividend of $0.1089 per share. The ex-dividend date of this dividend 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.