Rothschild Investment LLC Has $1.77 Million Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Rothschild Investment LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 31.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 64,925 shares of the company’s stock after purchasing an additional 15,400 shares during the quarter. Rothschild Investment LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGMS. Great Valley Advisor Group Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at $46,477,000. Winch Advisory Services LLC boosted its position in 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 valued at $19,621,000 after purchasing an additional 145,538 shares during the last quarter. TrueWealth Advisors LLC grew its stake in 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 purchasing an additional 19,182 shares in the last quarter. Stephens Inc. AR increased its position in Capital Group U.S. Multi-Sector Income ETF by 10.3% in the 4th quarter. Stephens Inc. AR now owns 605,579 shares of the company’s stock worth $16,520,000 after purchasing an additional 56,544 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 565,918 shares of the company’s stock worth $15,438,000 after purchasing an additional 93,554 shares in the last quarter.

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

NYSEARCA:CGMS opened at $27.60 on Tuesday. The stock’s 50 day moving average price is $27.39 and its 200 day moving average price is $27.55. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.49 and a 52 week 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. Investors of record on Friday, January 31st were issued a $0.1089 dividend. 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.