Avantax Advisory Services Inc. Buys 24,575 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Avantax Advisory Services Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 90.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,812 shares of the company’s stock after acquiring an additional 24,575 shares during the period. Avantax Advisory Services Inc. owned about 0.20% of Capital Group U.S. Multi-Sector Income ETF worth $1,413,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CGMS. Great Valley Advisor Group Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at $46,477,000. Raymond James Financial Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $40,790,000. Stifel Financial Corp grew its position in Capital Group U.S. Multi-Sector Income ETF by 453.4% in the third quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock valued at $13,859,000 after acquiring an additional 407,858 shares during the period. Atria Investments Inc grew its position in Capital Group U.S. Multi-Sector Income ETF by 990.3% in the fourth quarter. Atria Investments Inc now owns 434,488 shares of the company’s stock valued at $11,853,000 after acquiring an additional 394,636 shares during the period. Finally, EQ Wealth Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $10,477,000.

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

Shares of NYSEARCA:CGMS opened at $27.42 on Wednesday. The business’s fifty day moving average price is $27.46 and its two-hundred day moving average price is $27.54. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 10.88 and a beta of 0.38. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.49 and a fifty-two week high of $28.00.

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

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a dividend of $0.1089 per share. The ex-dividend date was Friday, January 31st.

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.