TruWealth Advisors LLC Has $9.98 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

TruWealth Advisors LLC raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 22.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 358,562 shares of the company’s stock after buying an additional 65,235 shares during the quarter. TruWealth Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $9,982,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock valued at $38,418,000 after purchasing an additional 953,285 shares during the last quarter. Cetera Investment Advisers increased its stake in Capital Group U.S. Multi-Sector Income ETF by 185.8% in the 2nd quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock valued at $24,632,000 after buying an additional 594,834 shares during the last quarter. LPL Financial LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 43.2% during the 2nd quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock worth $51,005,000 after buying an additional 571,611 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 422.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 593,647 shares of the company’s stock worth $16,052,000 after buying an additional 479,935 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at about $11,970,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1 %

NYSEARCA:CGMS opened at $27.70 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $25.00 and a 52-week high of $28.00. The stock’s 50-day simple moving average is $27.71 and its 200 day simple moving average is $27.26.

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

The business also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a dividend of $0.1076 per share. The ex-dividend date 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.