TrueWealth Advisors LLC Raises Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

TrueWealth Advisors LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.2% in the 4th quarter, HoldingsChannel reports. The firm owned 621,840 shares of the company’s stock after acquiring an additional 19,182 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for 5.7% of TrueWealth Advisors LLC’s portfolio, making the stock its 2nd largest holding. TrueWealth Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $16,964,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 201.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock worth $38,418,000 after purchasing an additional 953,285 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 24.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 220,822 shares of the company’s stock valued at $5,944,000 after buying an additional 43,555 shares in the last quarter. Daymark Wealth Partners LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at about $234,000. Magnolia Capital Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $1,017,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 37,614 shares of the company’s stock valued at $1,013,000 after purchasing an additional 1,663 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1 %

Shares of CGMS opened at $27.39 on Friday. 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 has a fifty day moving average of $27.43 and a 200-day moving average of $27.50.

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

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

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.