Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Bought by Inspire Advisors LLC

Inspire Advisors LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 11.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,646 shares of the company’s stock after buying an additional 5,070 shares during the period. Inspire Advisors LLC owned 0.19% of Capital Group U.S. Multi-Sector Income ETF worth $1,354,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CGMS. Lodestone Wealth Management LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.2% in the 2nd quarter. Lodestone Wealth Management LLC now owns 40,967 shares of the company’s stock valued at $1,103,000 after purchasing an additional 467 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.1% during the second quarter. Continuum Advisory LLC now owns 5,171 shares of the company’s stock worth $139,000 after buying an additional 599 shares during the last quarter. Pillar Wealth Advisors LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.3% during the 1st quarter. Pillar Wealth Advisors LLC now owns 51,543 shares of the company’s stock worth $1,394,000 after acquiring an additional 649 shares during the period. Capital Planning LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% in the 2nd quarter. Capital Planning LLC now owns 25,761 shares of the company’s stock valued at $693,000 after purchasing an additional 716 shares during the last quarter. Finally, 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 valued at $38,000 after purchasing an additional 822 shares during the period.

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

Shares of NYSEARCA CGMS traded down $0.02 during mid-day trading on Friday, hitting $27.68. 151,674 shares of the company were exchanged, compared to its average volume of 372,325. The stock has a 50 day simple moving average of $27.71 and a 200-day simple moving average of $27.26. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $25.00 and a 1-year high of $28.00.

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

The firm also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a dividend of $0.1076 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.