Seamount Financial Group Inc. Buys 26,986 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Seamount Financial Group Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 151.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,825 shares of the company’s stock after acquiring an additional 26,986 shares during the quarter. Seamount Financial Group Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $31,000. NBC Securities Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth $34,000. Strategic Investment Solutions Inc. IL bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $51,000. Finally, AdvisorNet Financial Inc bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $74,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3 %

NYSEARCA:CGMS opened at $27.44 on Friday. The stock has a 50-day moving average price of $27.42 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.

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

The business also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued 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.