Burford Brothers Inc. Lowers Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Burford Brothers Inc. lessened its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,063 shares of the company’s stock after selling 4,135 shares during the period. Burford Brothers Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $31,000. NBC Securities Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $34,000. Olistico Wealth LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 149.5% in the third quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock worth $38,000 after purchasing an additional 822 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth approximately $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $51,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.5 %

Shares of CGMS stock opened at $27.42 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 stock has a fifty day simple moving average of $27.44 and a two-hundred day simple moving average of $27.53.

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

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 31st will be issued a dividend of $0.1089 per share. The ex-dividend date is 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.