Redhawk Wealth Advisors Inc. Buys 93,554 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Redhawk Wealth Advisors Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 565,918 shares of the company’s stock after buying an additional 93,554 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up about 2.1% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 9th biggest holding. Redhawk Wealth Advisors Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $15,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nations Financial Group Inc. IA ADV raised its stake in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock worth $754,000 after acquiring an additional 465 shares in the last quarter. Von Berge Wealth Management Group LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after purchasing an additional 482 shares during the last quarter. CAP Partners LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.3% in the 3rd quarter. CAP Partners LLC now owns 18,894 shares of the company’s stock worth $526,000 after purchasing an additional 777 shares during the last quarter. Olistico Wealth LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% during the 3rd quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock worth $38,000 after purchasing an additional 822 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $31,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.9 %

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.37 on Thursday. The firm’s 50-day moving average price is $27.44 and its two-hundred day moving average price is $27.50. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were given a dividend of $0.127 per share. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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