Gateway Wealth Partners LLC Buys Shares of 7,416 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Gateway Wealth Partners LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,416 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CGMS. Nations Financial Group Inc. IA ADV lifted its stake 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 valued at $754,000 after buying an additional 465 shares in the last quarter. Von Berge Wealth Management Group LLC lifted its position in shares of 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 worth $770,000 after acquiring an additional 482 shares in 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 third quarter. CAP Partners LLC now owns 18,894 shares of the company’s stock worth $526,000 after acquiring an additional 777 shares during the period. Arkadios Wealth Advisors grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock valued at $320,000 after purchasing an additional 795 shares in the last quarter. Finally, Olistico Wealth LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% during the 3rd 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 period.

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

Shares of CGMS opened at $27.52 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.49 and a 52-week high of $28.00. The stock’s 50-day simple moving average is $27.44 and its 200 day simple moving average is $27.52.

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

The company also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given a $0.127 dividend. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, November 29th.

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.