Patriot Financial Group Insurance Agency LLC Increases Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Patriot Financial Group Insurance Agency LLC raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 86.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,214 shares of the company’s stock after buying an additional 42,860 shares during the period. Patriot Financial Group Insurance Agency LLC owned approximately 0.35% of Capital Group U.S. Multi-Sector Income ETF worth $2,516,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CGMS. Investment Planning Advisors Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 6.7% in the fourth quarter. Investment Planning Advisors Inc. now owns 29,702 shares of the company’s stock valued at $810,000 after buying an additional 1,861 shares during the last quarter. Main Line Retirement Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $7,664,000. Geneos Wealth Management Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at approximately $86,000. Dynamic Advisor Solutions LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 120,608 shares of the company’s stock worth $3,290,000 after purchasing an additional 1,482 shares during the last quarter. Finally, LexAurum Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $217,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.0 %

CGMS stock opened at $27.50 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00. The firm has a fifty day moving average price of $27.43 and a two-hundred day moving average price of $27.52.

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

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were issued a $0.127 dividend. 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.

About Capital Group U.S. Multi-Sector Income ETF

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.