KMG Fiduciary Partners LLC Raises Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

KMG Fiduciary Partners LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 23.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,250 shares of the company’s stock after buying an additional 61,058 shares during the period. KMG Fiduciary Partners LLC owned approximately 0.34% of Capital Group U.S. Multi-Sector Income ETF worth $8,688,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CGMS. Steward Partners Investment Advisory LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 165.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,088 shares of the company’s stock valued at $466,000 after purchasing an additional 10,652 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $464,000. Cottage Street Advisors LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 195.5% in the fourth quarter. Cottage Street Advisors LLC now owns 41,787 shares of the company’s stock valued at $1,140,000 after purchasing an additional 27,648 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $488,000. Finally, Novem Group acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $2,595,000.

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

CGMS stock opened at $27.22 on Friday. The company’s 50 day simple moving average is $26.96 and its 200-day simple moving average is $27.29. The firm has a market capitalization of $2.71 billion, a PE ratio of 10.71 and a beta of 0.35. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were given a $0.1376 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.