Strategic Family Wealth Counselors L.L.C. Grows Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Strategic Family Wealth Counselors L.L.C. lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 507.7% during the fourth quarter, HoldingsChannel reports. The firm owned 159,410 shares of the company’s stock after purchasing an additional 133,177 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for about 1.4% of Strategic Family Wealth Counselors L.L.C.’s holdings, making the stock its 26th largest position. Strategic Family Wealth Counselors L.L.C.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $4,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CGMS. Ashton Thomas Securities LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $51,000. VisionPoint Advisory Group LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $59,000. AdvisorNet Financial Inc purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $74,000. Finally, HHM Wealth Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $74,000.

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

NYSEARCA:CGMS opened at $27.52 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 16.63 and a beta of 0.39. The company has a 50 day moving average price of $27.43 and a 200-day moving average price of $27.56. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given 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.