Moloney Securities Asset Management LLC Boosts Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Moloney Securities Asset Management LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.8% in the fourth quarter, HoldingsChannel reports. The fund owned 13,815 shares of the company’s stock after buying an additional 1,674 shares during the period. Moloney Securities Asset Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Great Valley Advisor Group Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $46,477,000. Wealth Enhancement Advisory Services LLC increased its holdings 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 worth $36,016,000 after buying an additional 479,500 shares during the period. DeDora Capital Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $11,885,000. Stifel Financial Corp boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 453.4% during the 3rd quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock valued at $13,859,000 after acquiring an additional 407,858 shares during the period. Finally, EQ Wealth Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $10,477,000.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.47 on Tuesday. 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 business’s 50 day simple moving average is $27.42 and its two-hundred day simple moving average is $27.54.

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

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

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