Centennial Wealth Advisory LLC Makes New $320,000 Investment in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Centennial Wealth Advisory LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,501 shares of the company’s stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGMS. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock valued at $38,418,000 after purchasing an additional 953,285 shares in the last quarter. Cetera Investment Advisers increased its position in Capital Group U.S. Multi-Sector Income ETF by 185.8% in the second quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after buying an additional 594,834 shares in the last quarter. LPL Financial LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 43.2% during the second quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock worth $51,005,000 after purchasing an additional 571,611 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after purchasing an additional 479,500 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $11,970,000.

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

NYSEARCA:CGMS traded down $0.27 during trading hours on Wednesday, reaching $27.30. The stock had a trading volume of 40,175 shares, compared to its average volume of 383,564. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $25.56 and a 52 week high of $28.00. The company has a 50 day moving average price of $27.69 and a two-hundred day moving average price of $27.33.

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

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

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.