Concurrent Investment Advisors LLC Sells 11,485 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Concurrent Investment Advisors LLC lowered its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,111 shares of the company’s stock after selling 11,485 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.60% of Capital Group U.S. Multi-Sector Income ETF worth $4,259,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd 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 during the period. Von Berge Wealth Management Group LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after purchasing an additional 482 shares in the last quarter. Barnes Pettey Financial Advisors LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 6.2% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock worth $317,000 after purchasing an additional 683 shares during the last quarter. CAP Partners LLC boosted 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 valued at $526,000 after purchasing an additional 777 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 7.3% in the 4th quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock valued at $320,000 after purchasing an additional 795 shares during the last quarter.

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

Shares of NYSEARCA CGMS opened at $27.56 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.49 and a 12 month high of $28.00. The stock has a 50-day moving average price of $27.39 and a two-hundred day moving average price of $27.54.

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

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