Midwest Heritage Bank FSB Acquires Shares of 8,103 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Midwest Heritage Bank FSB purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 8,103 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth approximately $84,000. Janney Montgomery Scott LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the third quarter. Janney Montgomery Scott LLC now owns 57,816 shares of the company’s stock valued at $1,610,000 after acquiring an additional 13,608 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at $338,000. Beacon Financial Advisory LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth $283,000. Finally, Milestone Investment Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 10.2% in the 3rd quarter. Milestone Investment Advisors LLC now owns 23,703 shares of the company’s stock worth $660,000 after purchasing an additional 2,193 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.1 %

Shares of CGMS opened at $27.55 on Thursday. 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 firm’s 50-day moving average price is $27.42 and its 200-day moving average price is $27.56. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.63 and a beta of 0.39.

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

The company also recently disclosed 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 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.