Kestra Investment Management LLC Raises Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Kestra Investment Management LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 48.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,266 shares of the company’s stock after acquiring an additional 5,624 shares during the quarter. Kestra Investment Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $481,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Nations Financial Group Inc. IA ADV lifted its position 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 purchasing an additional 465 shares during the last quarter. Lodestone Wealth Management LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% during the 2nd quarter. Lodestone Wealth Management LLC now owns 40,967 shares of the company’s stock worth $1,103,000 after purchasing an additional 467 shares during 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 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after purchasing an additional 482 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 13.1% during the 2nd quarter. Continuum Advisory LLC now owns 5,171 shares of the company’s stock worth $139,000 after purchasing an additional 599 shares during the last quarter. Finally, Capital Planning LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% during the 2nd quarter. Capital Planning LLC now owns 25,761 shares of the company’s stock worth $693,000 after purchasing an additional 716 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.0 %

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.63 on Monday. The company has a fifty day simple moving average of $27.60 and a 200-day simple moving average of $27.41. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.20 and a 12-month high of $28.00.

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

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

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.