Souders Financial Advisors Boosts Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Souders Financial Advisors lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,588 shares of the company’s stock after acquiring an additional 5,190 shares during the quarter. Souders Financial Advisors owned 0.83% of Capital Group U.S. Multi-Sector Income ETF worth $5,831,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 43.2% during the 2nd quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock worth $51,005,000 after acquiring an additional 571,611 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 201.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock valued at $38,418,000 after buying an additional 953,285 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 24.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,211,207 shares of the company’s stock valued at $32,606,000 after buying an additional 241,461 shares in the last quarter. Cetera Investment Advisers lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 185.8% in the 2nd quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock valued at $24,632,000 after buying an additional 594,834 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 37.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 814,193 shares of the company’s stock valued at $21,918,000 after buying an additional 220,546 shares in the last quarter.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.84 on Tuesday. The firm’s 50-day moving average price is $27.61 and its 200 day moving average price is $27.20. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $25.00 and a twelve month high of $28.00.

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

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.1076 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.