Arkadios Wealth Advisors Takes Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Arkadios Wealth Advisors purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,923 shares of the company’s stock, valued at approximately $304,000.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its position 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% in the 2nd 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 last quarter. LPL Financial LLC grew 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 last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $11,970,000. Finally, DeDora Capital Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth approximately $11,885,000.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.52 on Thursday. The firm’s 50 day moving average price is $27.72 and its 200-day moving average price is $27.30. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $25.07 and a 52-week high of $28.00.

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

The business also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given 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.