Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 69.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,515 shares of the company’s stock after buying an additional 19,486 shares during the period. Sowell Financial Services LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $51,000. Brookstone Capital Management acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $542,000. Farther Finance Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $84,000. Janney Montgomery Scott LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the third quarter. Janney Montgomery Scott LLC now owns 57,816 shares of the company’s stock worth $1,610,000 after purchasing an additional 13,608 shares during the last quarter. Finally, Von Berge Wealth Management Group LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% during the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after acquiring an additional 482 shares during the last quarter.

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

Shares of CGMS opened at $27.48 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00. The stock has a market cap of $2.42 billion, a PE ratio of 16.63 and a beta of 0.39. The firm has a 50-day simple moving average of $27.44 and a two-hundred day simple moving average of $27.55.

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

The business also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a dividend of $0.1089 per share. The ex-dividend date of this dividend was Friday, January 31st.

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.