57,315 Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 826,082 shares of the company’s stock after purchasing an additional 57,315 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up approximately 3.9% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 8th largest holding. J. Derek Lewis & Associates Inc. owned 0.39% of Capital Group U.S. Multi-Sector Income ETF worth $21,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. StoneX Group Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $702,000. Gutierrez Wealth Advisory LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 40.0% during the third quarter. Gutierrez Wealth Advisory LLC now owns 30,742 shares of the company’s stock worth $806,000 after buying an additional 8,782 shares in the last quarter. Compass Financial Management LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 3.7% in the 3rd quarter. Compass Financial Management LLC now owns 120,153 shares of the company’s stock valued at $3,152,000 after buying an additional 4,246 shares during the last quarter. Signature Equity Partners LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 4,586.8% in the 3rd quarter. Signature Equity Partners LLC now owns 24,231 shares of the company’s stock valued at $636,000 after buying an additional 23,714 shares during the last quarter. Finally, Security Financial Services INC. raised its position in Capital Group U.S. Multi-Sector Income ETF by 4.0% in the 3rd quarter. Security Financial Services INC. now owns 18,815 shares of the company’s stock valued at $494,000 after buying an additional 725 shares during the last quarter.

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

NYSEARCA CGMS opened at $26.50 on Friday. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. The stock’s 50 day moving average price is $26.58 and its two-hundred day moving average price is $27.22. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.09 and a 52 week high of $27.86.

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

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a dividend of $0.1176 per share. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.41 annualized dividend and a dividend yield of 5.3%. This is a decrease from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.

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.