Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC trimmed its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 167,596 shares of the company’s stock after selling 1,139 shares during the period. Concurrent Investment Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $4,666,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 43.2% in the 2nd quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock worth $51,005,000 after buying an additional 571,611 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 26.5% in 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 during the period. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock worth $38,418,000 after purchasing an additional 953,285 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 58.9% during 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 in the last quarter. Finally, Cetera Investment Advisers grew its stake 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 buying an additional 594,834 shares during the period.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.33 on Thursday. The firm has a fifty day moving average of $27.69 and a 200-day moving average of $27.33. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $25.56 and a 52-week high of $28.00.

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

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.1076 dividend. The ex-dividend date was Friday, September 27th.

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.