Milestone Investment Advisors LLC Has $660,000 Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Milestone Investment Advisors LLC grew its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,703 shares of the company’s stock after acquiring an additional 2,193 shares during the period. Milestone Investment Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $660,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 5.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 382,510 shares of the company’s stock worth $10,297,000 after acquiring an additional 18,945 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $227,000. Cetera Advisors LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 237.8% during the first quarter. Cetera Advisors LLC now owns 78,179 shares of the company’s stock worth $2,114,000 after buying an additional 55,037 shares in the last quarter. Crumly & Associates Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 3.9% in the second quarter. Crumly & Associates Inc. now owns 107,574 shares of the company’s stock worth $2,896,000 after purchasing an additional 4,028 shares during the period. Finally, Simplicity Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $230,000.

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

Shares of NYSEARCA:CGMS opened at $27.57 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $25.56 and a 1 year high of $28.00. The company’s 50 day simple moving average is $27.69 and its 200 day simple moving average is $27.33.

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

The firm also recently announced a dividend, which was paid on Monday, September 30th. Investors 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.