Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Holdings Increased by Inspire Advisors LLC

Inspire Advisors LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,152 shares of the company’s stock after buying an additional 1,506 shares during the quarter. Inspire Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Great Valley Advisor Group Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth about $46,477,000. Raymond James Financial Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $40,790,000. Winch Advisory Services LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 25.4% during the 4th quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock worth $19,621,000 after buying an additional 145,538 shares in the last quarter. TrueWealth Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 3.2% during the 4th quarter. TrueWealth Advisors LLC now owns 621,840 shares of the company’s stock worth $16,964,000 after buying an additional 19,182 shares in the last quarter. Finally, Stephens Inc. AR raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 10.3% during the 4th quarter. Stephens Inc. AR now owns 605,579 shares of the company’s stock worth $16,520,000 after buying an additional 56,544 shares in the last quarter.

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

CGMS stock opened at $27.48 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.49 and a 52 week high of $28.00. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 16.63 and a beta of 0.39. The firm’s 50-day moving average is $27.44 and its two-hundred day moving average is $27.55.

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

The business also recently declared 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.