Seamount Financial Group Inc. Acquires 26,986 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Seamount Financial Group Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 151.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,825 shares of the company’s stock after purchasing an additional 26,986 shares during the quarter. Seamount Financial Group Inc. owned about 0.17% of Capital Group U.S. Multi-Sector Income ETF worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGMS. Beacon Financial Advisory LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 10,998 shares of the company’s stock worth $300,000 after acquiring an additional 819 shares in the last quarter. Centennial Wealth Advisory LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 220.7% in the 4th quarter. Centennial Wealth Advisory LLC now owns 36,884 shares of the company’s stock worth $1,006,000 after purchasing an additional 25,383 shares in the last quarter. Trilogy Capital Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 12.1% during the 4th quarter. Trilogy Capital Inc. now owns 105,348 shares of the company’s stock valued at $2,874,000 after purchasing an additional 11,346 shares during the last quarter. Schmidt P J Investment Management Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 51.4% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 27,395 shares of the company’s stock valued at $747,000 after purchasing an additional 9,301 shares in the last quarter. Finally, Confluence Wealth Services Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 32.8% in the fourth quarter. Confluence Wealth Services Inc. now owns 128,800 shares of the company’s stock worth $3,532,000 after buying an additional 31,801 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3 %

NYSEARCA:CGMS opened at $27.44 on Friday. 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 company’s 50 day moving average price is $27.42 and its 200-day moving average price is $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 paid a $0.1089 dividend. The ex-dividend date 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.