Centennial Wealth Advisory LLC Buys New Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Centennial Wealth Advisory LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,501 shares of the company’s stock, valued at approximately $320,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Lodestone Wealth Management LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 1.2% during the 2nd quarter. Lodestone Wealth Management LLC now owns 40,967 shares of the company’s stock valued at $1,103,000 after purchasing an additional 467 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 13.1% in the second quarter. Continuum Advisory LLC now owns 5,171 shares of the company’s stock worth $139,000 after buying an additional 599 shares during the last quarter. Pillar Wealth Advisors LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.3% in the first quarter. Pillar Wealth Advisors LLC now owns 51,543 shares of the company’s stock worth $1,394,000 after buying an additional 649 shares during the last quarter. Capital Planning LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% in the second quarter. Capital Planning LLC now owns 25,761 shares of the company’s stock worth $693,000 after buying an additional 716 shares during the last quarter. Finally, Olistico Wealth LLC boosted its stake in shares of 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 buying an additional 822 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 1.0 %

Shares of CGMS traded down $0.27 during mid-day trading on Wednesday, reaching $27.30. The company had a trading volume of 40,175 shares, compared to its average volume of 383,564. The stock has a 50 day moving average of $27.69 and a two-hundred day moving average of $27.33. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $25.56 and a 52-week 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, September 30th. Shareholders of record on Friday, September 27th were issued a dividend of $0.1076 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.