TFB Advisors LLC Buys New Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

TFB Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,502 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 50.1% in the first quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock worth $223,180,000 after purchasing an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 167.9% during the 1st quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock valued at $109,344,000 after acquiring an additional 2,510,047 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 21.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,636,850 shares of the company’s stock valued at $99,286,000 after purchasing an additional 643,199 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 25.5% during the 1st quarter. Cetera Investment Advisers now owns 2,261,512 shares of the company’s stock worth $61,739,000 after acquiring an additional 459,655 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 23.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,120,720 shares of the company’s stock valued at $57,896,000 after purchasing an additional 406,566 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1%

CGMS stock opened at $27.86 on Friday. The firm has a 50 day moving average of $27.82 and a 200 day moving average of $27.45. 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 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 Cuts Dividend

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

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.