Crumly & Associates Inc. Raises Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Crumly & Associates Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 9.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,641 shares of the company’s stock after acquiring an additional 17,288 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up 1.4% of Crumly & Associates Inc.’s portfolio, making the stock its 25th largest holding. Crumly & Associates Inc. owned 0.20% of Capital Group U.S. Multi-Sector Income ETF worth $5,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC raised its position 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. raised its position 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. raised its position 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 raised its position 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 purchasing an additional 459,655 shares during the period. Finally, Commonwealth Equity Services LLC raised its position 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 purchasing an additional 406,566 shares during the period.

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

Shares of CGMS stock opened at $27.91 on Friday. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.00. The company’s fifty day moving average price is $27.67 and its 200-day moving average price is $27.37.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 29th were issued a $0.1371 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Friday, August 29th.

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.