Cottage Street Advisors LLC Grows Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Cottage Street Advisors LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 195.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,787 shares of the company’s stock after buying an additional 27,648 shares during the period. Cottage Street Advisors LLC owned approximately 0.16% of Capital Group U.S. Multi-Sector Income ETF worth $1,140,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CGMS. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $51,000. VisionPoint Advisory Group LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $59,000. Larson Financial Group LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 26.6% during the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after purchasing an additional 551 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $74,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $74,000.

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

NYSEARCA CGMS opened at $27.50 on Wednesday. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 10.88 and a beta of 0.38. The stock’s fifty day moving average price is $27.49 and its 200 day moving average price is $27.53. 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 disclosed 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.