Silver Oak Securities Incorporated Has $4.65 Million Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Silver Oak Securities Incorporated reduced its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 170,352 shares of the company’s stock after selling 39,794 shares during the period. Silver Oak Securities Incorporated owned approximately 0.66% of Capital Group U.S. Multi-Sector Income ETF worth $4,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Great Valley Advisor Group Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at $46,477,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after purchasing an additional 479,500 shares during the period. DeDora Capital Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $11,885,000. Stifel Financial Corp lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 453.4% in the third quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock valued at $13,859,000 after buying an additional 407,858 shares during the period. Finally, EQ Wealth Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $10,477,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.4 %

Shares of CGMS stock opened at $27.56 on Thursday. The stock has a 50-day moving average of $27.43 and a 200-day moving average of $27.53. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00.

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

The company also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were issued a $0.1089 dividend. The ex-dividend date of this dividend 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.