Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 26.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,621 shares of the company’s stock after buying an additional 551 shares during the period. Larson Financial Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $51,000. VisionPoint Advisory Group LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $59,000. AdvisorNet Financial Inc purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during 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 4th quarter valued at approximately $74,000.

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

Shares of CGMS stock opened at $27.36 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.49 and a 52 week high of $28.00. The stock has a market capitalization of $2.41 billion, a PE ratio of 16.63 and a beta of 0.39. The firm has a 50 day moving average of $27.45 and a two-hundred day moving average of $27.55.

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

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a $0.1089 dividend. The ex-dividend date of this dividend 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.