LifeGoal Wealth Advisors Takes $2.23 Million Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

LifeGoal Wealth Advisors purchased a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 81,772 shares of the company’s stock, valued at approximately $2,231,000. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 2.4% of LifeGoal Wealth Advisors’ portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth about $46,477,000. Stifel Financial Corp grew its position in Capital Group U.S. Multi-Sector Income ETF by 453.4% during the 3rd quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock worth $13,859,000 after purchasing an additional 407,858 shares in the last quarter. EQ Wealth Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $10,477,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 2,658.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 321,870 shares of the company’s stock valued at $8,961,000 after purchasing an additional 310,200 shares in the last quarter. Finally, Main Line Retirement Advisors LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $7,664,000.

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

NYSEARCA:CGMS opened at $27.70 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00. The business’s fifty day moving average price is $27.39 and its 200 day moving average price is $27.55.

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

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

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