Centennial Wealth Advisory LLC Increases Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Centennial Wealth Advisory LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 220.7% in the 4th quarter, HoldingsChannel reports. The firm owned 36,884 shares of the company’s stock after buying an additional 25,383 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,006,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Trilogy Capital Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 12.1% in the fourth quarter. Trilogy Capital Inc. now owns 105,348 shares of the company’s stock valued at $2,874,000 after acquiring an additional 11,346 shares in the last quarter. Schmidt P J Investment Management Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 51.4% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 27,395 shares of the company’s stock valued at $747,000 after purchasing an additional 9,301 shares during the last quarter. Confluence Wealth Services Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 32.8% in the 4th quarter. Confluence Wealth Services Inc. now owns 128,800 shares of the company’s stock valued at $3,532,000 after purchasing an additional 31,801 shares in the last quarter. Tempus Wealth Planning LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 15.5% during the 4th quarter. Tempus Wealth Planning LLC now owns 19,040 shares of the company’s stock worth $519,000 after purchasing an additional 2,557 shares during the last quarter. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $10,477,000.

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

Shares of CGMS opened at $27.56 on Thursday. 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’s 50 day simple moving average is $27.43 and its 200 day simple moving average is $27.53.

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

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

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.