Confluence Wealth Services Inc. Buys 31,801 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Confluence Wealth Services Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 32.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,800 shares of the company’s stock after acquiring an additional 31,801 shares during the quarter. Confluence Wealth Services Inc. owned 0.50% of Capital Group U.S. Multi-Sector Income ETF worth $3,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGMS. NewEdge Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% during the second quarter. NewEdge Advisors LLC now owns 37,614 shares of the company’s stock worth $1,013,000 after buying an additional 1,663 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at approximately $212,000. Sanctuary Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth approximately $1,847,000. Dynamic Advisor Solutions LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 16.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 119,126 shares of the company’s stock worth $3,316,000 after acquiring an additional 17,086 shares in the last quarter. Finally, Olistico Wealth LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% in the third quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock valued at $38,000 after purchasing an additional 822 shares during the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.45 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00. The company has a fifty day simple moving average of $27.43 and a 200 day simple moving average of $27.53.

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

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

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.