Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 145,898 shares of the company’s stock after buying an additional 24,055 shares during the period. Janney Montgomery Scott LLC owned about 0.14% of Capital Group U.S. Multi-Sector Income ETF worth $4,030,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $27,000. Calton & Associates Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth about $32,000. NBC Securities Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 122,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock worth $33,000 after buying an additional 1,229 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth about $41,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth about $85,000.

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

CGMS stock opened at $27.82 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40. The firm’s 50-day moving average is $27.77 and its two-hundred day moving average is $27.41.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a dividend of $0.1306 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, September 29th.

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.