Cornerstone Wealth Management LLC Purchases 1,105 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Cornerstone Wealth Management LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,243 shares of the company’s stock after purchasing an additional 1,105 shares during the period. Cornerstone Wealth Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $252,000 as of its most recent SEC filing.

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

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

CGMS opened at $27.50 on Monday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.49 and a fifty-two week high of $28.00. The firm has a 50-day moving average of $27.43 and a 200 day moving average of $27.52.

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

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

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.