Smartleaf Asset Management LLC Has $12.31 Million Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Smartleaf Asset Management LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,590 shares of the company’s stock after acquiring an additional 19,467 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises approximately 0.8% of Smartleaf Asset Management LLC’s holdings, making the stock its 20th largest holding. Smartleaf Asset Management LLC owned 0.35% of Capital Group U.S. Multi-Sector Income ETF worth $12,314,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Financial Perspectives Inc increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% during the 2nd quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after purchasing an additional 692 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $53,000. HHM Wealth Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $59,000. IFP Advisors Inc increased its stake in Capital Group U.S. Multi-Sector Income ETF by 38.3% during the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after acquiring an additional 1,132 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at approximately $204,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%

Shares of NYSEARCA:CGMS opened at $27.69 on Friday. The firm has a market capitalization of $4.19 billion, a PE ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The business’s 50 day moving average is $27.70 and its 200-day moving average is $27.73.

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

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a dividend of $0.1114 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.8%.

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.