Investment Planning Advisors Inc. Boosts Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Investment Planning Advisors Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,702 shares of the company’s stock after acquiring an additional 1,861 shares during the period. Investment Planning Advisors Inc. owned about 0.11% of Capital Group U.S. Multi-Sector Income ETF worth $810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Main Line Retirement Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $7,664,000. Geneos Wealth Management Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $86,000. Dynamic Advisor Solutions LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 120,608 shares of the company’s stock worth $3,290,000 after buying an additional 1,482 shares during the period. LexAurum Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $217,000. Finally, RFG Advisory LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $372,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.2 %

Shares of CGMS stock opened at $27.56 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00. The company has a 50 day moving average price of $27.43 and a 200 day moving average price of $27.52.

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

The company also recently announced a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were issued a $0.127 dividend. The ex-dividend date was Friday, November 29th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

About Capital Group U.S. Multi-Sector Income ETF

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.