Souders Financial Advisors Buys 31,628 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Souders Financial Advisors raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 9.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 364,184 shares of the company’s stock after purchasing an additional 31,628 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for about 1.2% of Souders Financial Advisors’ holdings, making the stock its 25th biggest holding. Souders Financial Advisors owned approximately 0.29% of Capital Group U.S. Multi-Sector Income ETF worth $10,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CWM LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 441.9% during the 2nd quarter. CWM LLC now owns 929,285 shares of the company’s stock valued at $25,667,000 after buying an additional 757,795 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 16.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,244,651 shares of the company’s stock valued at $117,237,000 after acquiring an additional 607,801 shares during the last quarter. Cetera Investment Advisers raised its position in Capital Group U.S. Multi-Sector Income ETF by 19.0% during the second quarter. Cetera Investment Advisers now owns 2,690,563 shares of the company’s stock valued at $74,313,000 after purchasing an additional 429,051 shares in the last quarter. Beacon Pointe Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $11,825,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 30.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,768,762 shares of the company’s stock worth $48,855,000 after purchasing an additional 410,734 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.4%

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.65 on Friday. The firm has a market capitalization of $4.13 billion, a PE ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The business’s 50-day moving average price is $27.71 and its 200-day moving average price is $27.73.

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

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

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