Atria Investments Inc Increases Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Atria Investments Inc increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 990.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 434,488 shares of the company’s stock after purchasing an additional 394,636 shares during the period. Atria Investments Inc owned 1.67% of Capital Group U.S. Multi-Sector Income ETF worth $11,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CGMS. Farther Finance Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth $84,000. Janney Montgomery Scott LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 57,816 shares of the company’s stock worth $1,610,000 after purchasing an additional 13,608 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth $338,000. Beacon Financial Advisory LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $283,000. Finally, Milestone Investment Advisors LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 10.2% in the 3rd quarter. Milestone Investment Advisors LLC now owns 23,703 shares of the company’s stock valued at $660,000 after buying an additional 2,193 shares during the last quarter.

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

NYSEARCA:CGMS opened at $27.55 on Thursday. The firm has a 50-day moving average of $27.42 and a two-hundred day moving average of $27.56. The stock has a market cap of $2.43 billion, a P/E ratio of 16.63 and a beta of 0.39. 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a $0.1089 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.