IFP Advisors Inc Grows Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

IFP Advisors Inc increased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) by 38.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,091 shares of the company’s stock after purchasing an additional 1,132 shares during the quarter. IFP Advisors Inc’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth about $27,000. Calton & Associates Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth about $32,000. ORG Partners LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth about $41,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth about $85,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 67.6% in the second quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock worth $126,000 after purchasing an additional 1,836 shares during the last quarter.

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

NYSEARCA CGMS opened at $27.83 on Friday. The stock has a market capitalization of $3.41 billion, a PE ratio of 10.71 and a beta of 0.40. 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 $27.80 and its 200 day moving average is $27.43.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.1306 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 5.6%.

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

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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