Transcendent Capital Group LLC Acquires 5,531 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Transcendent Capital Group LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,265 shares of the company’s stock after purchasing an additional 5,531 shares during the quarter. Transcendent Capital Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $51,000. VisionPoint Advisory Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $59,000. AdvisorNet Financial Inc bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $74,000. Finally, HHM Wealth Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $74,000.

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

NYSEARCA:CGMS opened at $27.60 on Tuesday. The business has a fifty day simple moving average of $27.39 and a two-hundred day simple moving average of $27.55. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.49 and a 1 year high of $28.00.

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 paid a dividend of $0.1089 per share. 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.