Cornerstone Wealth Management LLC Makes New Investment in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Cornerstone Wealth Management LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 8,138 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGMS. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock worth $38,418,000 after buying an additional 953,285 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 185.8% during the 2nd quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock valued at $24,632,000 after acquiring an additional 594,834 shares during the period. LPL Financial LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 43.2% during the 2nd quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock valued at $51,005,000 after acquiring an additional 571,611 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 422.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 593,647 shares of the company’s stock worth $16,052,000 after purchasing an additional 479,935 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $11,970,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.0 %

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.69 on Friday. The business’s 50 day simple moving average is $27.72 and its 200 day simple moving average is $27.26. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $25.00 and a 12 month high of $28.00.

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

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were given a dividend of $0.1076 per share. 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.