Cannon Wealth Management Services LLC Reduces Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Cannon Wealth Management Services LLC cut its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,106 shares of the company’s stock after selling 7,773 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up approximately 0.8% of Cannon Wealth Management Services LLC’s holdings, making the stock its 27th largest holding. Cannon Wealth Management Services LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock valued at $754,000 after acquiring an additional 465 shares during the last quarter. Von Berge Wealth Management Group LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after acquiring an additional 482 shares during the last quarter. Barnes Pettey Financial Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 6.2% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock valued at $317,000 after acquiring an additional 683 shares during the last quarter. CAP Partners LLC increased 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 acquiring an additional 777 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings 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 acquiring an additional 795 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0 %

Shares of NYSEARCA CGMS opened at $27.57 on Monday. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.49 and a twelve month high of $28.00. The business has a 50 day simple moving average of $27.39 and a 200-day simple moving average of $27.55.

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

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given 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 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.