Smartleaf Asset Management LLC Buys 33,513 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Smartleaf Asset Management LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,363 shares of the company’s stock after purchasing an additional 33,513 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $5,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CGMS. Financial Advocates Investment Management bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $469,000. Farther Finance Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth approximately $84,000. Janney Montgomery Scott LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 57,816 shares of the company’s stock worth $1,610,000 after purchasing an additional 13,608 shares during the period. Confluence Wealth Services Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 5.8% in the 3rd quarter. Confluence Wealth Services Inc. now owns 96,999 shares of the company’s stock worth $2,700,000 after purchasing an additional 5,353 shares during the period. Finally, Lodestone Wealth Management LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 55.2% in the 3rd quarter. Lodestone Wealth Management LLC now owns 63,593 shares of the company’s stock worth $1,770,000 after purchasing an additional 22,626 shares during the period.

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

CGMS opened at $27.63 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.49 and a 52-week high of $28.00. The stock has a market capitalization of $2.43 billion, a PE ratio of 16.63 and a beta of 0.39. The stock’s 50 day moving average price is $27.41 and its 200-day moving average price is $27.56.

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 paid a dividend of $0.1089 per share. The ex-dividend date of this dividend 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.