Main Line Retirement Advisors LLC Invests $7.66 Million in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Main Line Retirement Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 280,955 shares of the company’s stock, valued at approximately $7,664,000. Capital Group U.S. Multi-Sector Income ETF makes up approximately 5.0% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 10th largest position.

A number of other hedge funds have also modified their holdings of the business. Great Valley Advisor Group Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $46,477,000. Commonwealth Equity Services LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 26.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,531,827 shares of the company’s stock worth $42,646,000 after purchasing an additional 320,620 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after purchasing an additional 479,500 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 185.8% during the 2nd quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after purchasing an additional 594,834 shares in the last quarter. Finally, Winch Advisory Services LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 25.4% in the 4th quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock worth $19,621,000 after acquiring an additional 145,538 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.3 %

CGMS stock opened at $27.51 on Monday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00. The company has a 50 day moving average price of $27.43 and a two-hundred day moving average price of $27.52.

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

The company also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were paid a $0.127 dividend. 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, November 29th.

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.