CAP Partners LLC Has $526,000 Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

CAP Partners LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,894 shares of the company’s stock after purchasing an additional 777 shares during the quarter. CAP Partners LLC owned approximately 0.07% of Capital Group U.S. Multi-Sector Income ETF worth $526,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 5.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 382,510 shares of the company’s stock valued at $10,297,000 after buying an additional 18,945 shares during the period. Cornerstone Wealth Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $227,000. Cetera Advisors LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 237.8% in the 1st quarter. Cetera Advisors LLC now owns 78,179 shares of the company’s stock worth $2,114,000 after purchasing an additional 55,037 shares during the last quarter. Crumly & Associates Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 3.9% during the 2nd quarter. Crumly & Associates Inc. now owns 107,574 shares of the company’s stock worth $2,896,000 after purchasing an additional 4,028 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at about $230,000.

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

NYSEARCA:CGMS opened at $27.40 on Monday. The stock’s 50 day moving average price is $27.66 and its 200 day moving average price is $27.37. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $25.91 and a 52 week high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a dividend of $0.1076 per share. The ex-dividend date was Friday, September 27th.

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.