Redhawk Wealth Advisors Inc. Buys 93,554 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Redhawk Wealth Advisors Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 565,918 shares of the company’s stock after purchasing an additional 93,554 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up 2.1% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 9th largest holding. Redhawk Wealth Advisors Inc. owned approximately 2.18% of Capital Group U.S. Multi-Sector Income ETF worth $15,438,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock worth $754,000 after buying an additional 465 shares during the last quarter. Von Berge Wealth Management Group LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.7% in the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after acquiring an additional 482 shares during the period. CAP Partners LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 4.3% during the 3rd quarter. CAP Partners LLC now owns 18,894 shares of the company’s stock worth $526,000 after acquiring an additional 777 shares during the last quarter. Olistico Wealth LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 149.5% during the third quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock valued at $38,000 after acquiring an additional 822 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $31,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.9 %

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.37 on Thursday. 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 business’s 50-day simple moving average is $27.44 and its 200-day simple moving average is $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. Shareholders of record on Friday, November 29th were given a $0.127 dividend. This is an increase 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.