Schmidt P J Investment Management Inc. Purchases 9,301 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Schmidt P J Investment Management Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 51.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,395 shares of the company’s stock after purchasing an additional 9,301 shares during the quarter. Schmidt P J Investment Management Inc. owned approximately 0.11% of Capital Group U.S. Multi-Sector Income ETF worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock valued at $754,000 after acquiring an additional 465 shares during the period. Von Berge Wealth Management Group LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after purchasing an additional 482 shares during the period. Barnes Pettey Financial Advisors LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 6.2% during the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock valued at $317,000 after purchasing an additional 683 shares during the period. CAP Partners LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.3% in the 3rd quarter. CAP Partners LLC now owns 18,894 shares of the company’s stock worth $526,000 after purchasing an additional 777 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 7.3% during the 4th quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock valued at $320,000 after buying an additional 795 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.4 %

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.56 on Thursday. The firm’s 50 day moving average price is $27.43 and its 200-day moving average price is $27.53. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.49 and a 1 year high of $28.00.

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

The business also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.1089 dividend. The ex-dividend date of this dividend 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.