Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC cut its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 41.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,966 shares of the company’s stock after selling 20,872 shares during the period. Good Life Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth about $192,000. Bleakley Financial Group LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 42.7% in the third quarter. Bleakley Financial Group LLC now owns 12,173 shares of the company’s stock valued at $339,000 after purchasing an additional 3,643 shares in the last quarter. Raymond James & Associates increased its stake in Capital Group U.S. Multi-Sector Income ETF by 12.9% in the third quarter. Raymond James & Associates now owns 645,815 shares of the company’s stock valued at $17,979,000 after purchasing an additional 73,931 shares during the last quarter. Tempus Wealth Planning LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 28.1% during the third quarter. Tempus Wealth Planning LLC now owns 16,483 shares of the company’s stock worth $459,000 after purchasing an additional 3,613 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 277.6% during the 3rd quarter. Private Advisor Group LLC now owns 322,893 shares of the company’s stock worth $8,989,000 after buying an additional 237,379 shares during the last quarter.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.52 on Thursday. The company has a fifty day simple moving average of $27.39 and a 200-day simple moving average of $27.54. 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 business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.1089 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.