KMG Fiduciary Partners LLC Grows Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

KMG Fiduciary Partners LLC increased its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 257,192 shares of the company’s stock after acquiring an additional 29,730 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $7,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CGMS. Winch Advisory Services LLC raised its position in 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 worth $19,621,000 after acquiring an additional 145,538 shares during the period. Redhawk Wealth Advisors Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.8% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 565,918 shares of the company’s stock worth $15,438,000 after purchasing an additional 93,554 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $51,000. Pines Wealth Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $686,000. Finally, KWB Wealth bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $2,716,000.

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

CGMS stock opened at $27.35 on Friday. The business’s 50-day moving average price is $27.43 and its 200-day moving average price is $27.50. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.49 and a twelve month high of $28.00.

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

The company also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.127 per share. The ex-dividend date was Friday, November 29th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.