Avidian Wealth Enterprises LLC Acquires 977 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Avidian Wealth Enterprises LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,821 shares of the company’s stock after purchasing an additional 977 shares during the period. Avidian Wealth Enterprises LLC owned approximately 0.55% of Capital Group U.S. Multi-Sector Income ETF worth $3,896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Great Valley Advisor Group Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $46,477,000. Commonwealth Equity Services LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 26.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,531,827 shares of the company’s stock valued at $42,646,000 after acquiring an additional 320,620 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 58.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock valued at $36,016,000 after acquiring an additional 479,500 shares in the last quarter. Winch Advisory Services LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 25.4% during the 4th quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock valued at $19,621,000 after acquiring an additional 145,538 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 12.9% during the 3rd quarter. Raymond James & Associates now owns 645,815 shares of the company’s stock worth $17,979,000 after purchasing an additional 73,931 shares in the last quarter.

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

Shares of NYSEARCA CGMS opened at $27.44 on Wednesday. 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’s fifty day moving average is $27.41 and its 200 day moving average is $27.54.

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

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

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.