Forthright Family Wealth Advisory LLC Buys Shares of 85,184 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Forthright Family Wealth Advisory LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 85,184 shares of the company’s stock, valued at approximately $2,359,000. Capital Group U.S. Multi-Sector Income ETF accounts for about 1.4% of Forthright Family Wealth Advisory LLC’s investment portfolio, making the stock its 19th largest position. Forthright Family Wealth Advisory LLC owned approximately 0.33% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CGMS. Great Valley Advisor Group Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth $46,477,000. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock valued at $38,418,000 after purchasing an additional 953,285 shares during the last quarter. Cetera Investment Advisers lifted its position in Capital Group U.S. Multi-Sector Income ETF by 185.8% during the second 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 during the period. LPL Financial LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 43.2% in the second quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock worth $51,005,000 after acquiring an additional 571,611 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock valued at $36,016,000 after buying an additional 479,500 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1 %

Shares of NYSEARCA CGMS traded down $0.03 during midday trading on Friday, hitting $27.57. 47,844 shares of the company’s stock were exchanged, compared to its average volume of 409,461. The business’s fifty day moving average price is $27.57 and its two-hundred day moving average price is $27.45. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.49 and a 12-month high of $28.00.

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

The company also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.127 per share. This is an increase 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.