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

Cottage Street Advisors LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 195.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,787 shares of the company’s stock after acquiring an additional 27,648 shares during the quarter. Cottage Street Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,140,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 70.2% in the fourth quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock valued at $148,549,000 after purchasing an additional 2,245,608 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 11.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,714,154 shares of the company’s stock valued at $46,762,000 after buying an additional 182,327 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $40,790,000. Winch Advisory Services LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 25.4% during the fourth quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock worth $19,621,000 after acquiring an additional 145,538 shares during the period. Finally, TrueWealth Advisors LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 3.2% in the fourth quarter. TrueWealth Advisors LLC now owns 621,840 shares of the company’s stock valued at $16,964,000 after acquiring an additional 19,182 shares in the last quarter.

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

CGMS opened at $27.50 on Wednesday. The business has a fifty day moving average price of $27.49 and a 200 day moving average price of $27.53. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.49 and a 12 month high of $28.00. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 10.88 and a beta of 0.38.

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

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a dividend of $0.1089 per share. The ex-dividend date of this dividend was 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.