Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,416 shares of the company’s stock after acquiring an additional 9,829 shares during the quarter. Harbour Investments Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $5,440,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CGMS. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 5.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 382,510 shares of the company’s stock valued at $10,297,000 after buying an additional 18,945 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at $227,000. Cetera Advisors LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 237.8% during the first quarter. Cetera Advisors LLC now owns 78,179 shares of the company’s stock valued at $2,114,000 after purchasing an additional 55,037 shares during the last quarter. Crumly & Associates Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 3.9% during the second quarter. Crumly & Associates Inc. now owns 107,574 shares of the company’s stock valued at $2,896,000 after purchasing an additional 4,028 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at $230,000.

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

CGMS opened at $27.57 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $25.59 and a 1 year high of $28.00. The stock has a fifty day moving average price of $27.68 and a 200 day moving average price of $27.35.

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

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

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.