Schmidt P J Investment Management Inc. Raises Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Schmidt P J Investment Management Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 103.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,094 shares of the company’s stock after acquiring an additional 9,203 shares during the period. Schmidt P J Investment Management Inc. owned 0.07% of Capital Group U.S. Multi-Sector Income ETF worth $504,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 277.6% in the 3rd quarter. Private Advisor Group LLC now owns 322,893 shares of the company’s stock worth $8,989,000 after buying an additional 237,379 shares during the last quarter. Tempus Wealth Planning LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 28.1% during the 3rd quarter. Tempus Wealth Planning LLC now owns 16,483 shares of the company’s stock valued at $459,000 after purchasing an additional 3,613 shares during the last quarter. Vicus Capital boosted its position in Capital Group U.S. Multi-Sector Income ETF by 5.2% during the 3rd quarter. Vicus Capital now owns 273,922 shares of the company’s stock valued at $7,626,000 after buying an additional 13,527 shares during the period. RFP Financial Group LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 38.1% during the 3rd quarter. RFP Financial Group LLC now owns 264,173 shares of the company’s stock valued at $7,355,000 after buying an additional 72,815 shares during the period. Finally, DeDora Capital Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at $11,885,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.2 %

NYSEARCA:CGMS opened at $27.54 on Friday. The company has a 50-day moving average price of $27.73 and a 200-day moving average price of $27.28. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $25.07 and a 12 month high of $28.00.

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

The business also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were given a $0.1076 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.