Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Acquired by Wealth Advisors of Iowa LLC

Wealth Advisors of Iowa LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 22.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,331 shares of the company’s stock after purchasing an additional 2,269 shares during the quarter. Wealth Advisors of Iowa LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $336,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $51,000. Brookstone Capital Management purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $542,000. Von Berge Wealth Management Group LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after purchasing an additional 482 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $944,000. Finally, Cornerstone Wealth Management LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 9,243 shares of the company’s stock worth $252,000 after purchasing an additional 1,105 shares during the period.

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

Shares of NYSEARCA:CGMS opened at $27.51 on Friday. 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 cap of $2.51 billion, a P/E ratio of 10.88 and a beta of 0.38. The company has a 50-day moving average price of $27.47 and a 200 day moving average price of $27.54.

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

The company also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a $0.1089 dividend. 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.