RFP Financial Group LLC Sells 255,768 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

RFP Financial Group LLC lowered its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 96.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,405 shares of the company’s stock after selling 255,768 shares during the period. RFP Financial Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $31,000. NBC Securities Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $34,000. Strategic Investment Solutions Inc. IL acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $50,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $51,000. Finally, AdvisorNet Financial Inc acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $74,000.

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

NYSEARCA CGMS opened at $27.44 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.49 and a fifty-two week high of $28.00. The business has a fifty day moving average price of $27.42 and a two-hundred day moving average price of $27.53.

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

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

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.