OneAscent Financial Services LLC Takes Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

OneAscent Financial Services LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,154 shares of the company’s stock, valued at approximately $1,014,000. OneAscent Financial Services LLC owned about 0.14% of Capital Group U.S. Multi-Sector Income ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $51,000. VisionPoint Advisory Group LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $59,000. Larson Financial Group LLC grew its stake in shares of 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 worth $72,000 after acquiring an additional 551 shares during the period. AdvisorNet Financial Inc purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $74,000. Finally, HHM Wealth Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $74,000.

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

NYSEARCA CGMS opened at $27.37 on Thursday. The company has a market cap of $2.50 billion, a PE ratio of 10.88 and a beta of 0.38. 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 firm’s 50-day simple moving average is $27.49 and its two-hundred day simple moving average is $27.52.

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

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were paid a dividend of $0.1376 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, March 28th.

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.