Burford Brothers Inc. Cuts Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Burford Brothers Inc. lowered its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,063 shares of the company’s stock after selling 4,135 shares during the period. Burford Brothers Inc. owned 0.12% of Capital Group U.S. Multi-Sector Income ETF worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $31,000. NBC Securities Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $34,000. Olistico Wealth LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% in the third quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock worth $38,000 after purchasing an additional 822 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth about $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $51,000.

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

NYSEARCA CGMS opened at $27.42 on Monday. 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 business has a 50 day simple moving average of $27.44 and a two-hundred day simple moving average of $27.53.

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

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 31st will be issued a $0.1089 dividend. The ex-dividend date of this dividend is 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.