LPL Financial LLC Increases Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

LPL Financial LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 70.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,445,346 shares of the company’s stock after purchasing an additional 2,245,608 shares during the quarter. LPL Financial LLC owned about 20.94% of Capital Group U.S. Multi-Sector Income ETF worth $148,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 26.6% during the fourth quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after buying an additional 551 shares during the period. Barnes Pettey Financial Advisors LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 6.2% during the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock worth $317,000 after acquiring an additional 683 shares in the last quarter. CAP Partners LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.2% during the 4th quarter. CAP Partners LLC now owns 19,688 shares of the company’s stock worth $537,000 after acquiring an additional 794 shares in the last quarter. Arkadios Wealth Advisors increased its position in Capital Group U.S. Multi-Sector Income ETF by 7.3% during the 4th quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock valued at $320,000 after purchasing an additional 795 shares during the period. Finally, Waterfront Wealth Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 3.8% in the 4th quarter. Waterfront Wealth Inc. now owns 21,800 shares of the company’s stock valued at $595,000 after purchasing an additional 798 shares in the last quarter.

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

NYSEARCA CGMS opened at $27.50 on Tuesday. The company has a market cap of $2.51 billion, a PE ratio of 10.88 and a beta of 0.38. The firm’s 50 day moving average price is $27.49 and its 200-day moving average price is $27.54. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.49 and a 52-week high of $28.00.

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

The business also recently announced 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 was Friday, January 31st.

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