Tradition Wealth Management LLC Sells 2,250 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Tradition Wealth Management LLC cut its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,500 shares of the company’s stock after selling 2,250 shares during the quarter. Tradition Wealth Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth $31,000. Transcendent Capital Group LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at about $32,000. NBC Securities Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $34,000. Olistico Wealth LLC increased 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 valued at $38,000 after buying an additional 822 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at approximately $50,000.

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

CGMS opened at $27.63 on Monday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.20 and a fifty-two week high of $28.00. The company’s 50 day moving average price is $27.60 and its two-hundred day moving average price is $27.41.

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

The firm also recently disclosed a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 29th will be paid a $0.127 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date is Friday, November 29th.

Capital Group U.S. Multi-Sector Income ETF Company 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.