D.A. Davidson & CO. Purchases 16,104 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

D.A. Davidson & CO. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 193,473 shares of the company’s stock after purchasing an additional 16,104 shares during the quarter. D.A. Davidson & CO.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $5,344,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. LPL Financial LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 50.1% during the 1st quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock valued at $223,180,000 after purchasing an additional 2,729,762 shares during the period. Raymond James Financial Inc. grew its stake in shares of 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 purchasing an additional 2,510,047 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 21.5% during the 1st 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 period. Cetera Investment Advisers grew 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 valued at $61,739,000 after acquiring an additional 459,655 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake 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 acquiring an additional 406,566 shares during the period.

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

Shares of NYSEARCA:CGMS opened at $27.86 on Friday. The stock has a 50 day moving average of $27.82 and a 200 day moving average of $27.45. The company has a market cap 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 12-month low of $26.08 and a 12-month high of $28.08.

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

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

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.