Investment Planning Advisors Inc. Has $493,000 Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Investment Planning Advisors Inc. cut its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 34.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,838 shares of the company’s stock after selling 9,569 shares during the quarter. Investment Planning Advisors Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $493,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CGMS. LPL Financial LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 50.1% during the first quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock worth $223,180,000 after buying an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 167.9% during the first quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock worth $109,344,000 after buying an additional 2,510,047 shares during the last quarter. Capital Advantage Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth approximately $58,232,000. BlueStem Wealth Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $19,251,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 21.5% during the first quarter. Envestnet Asset Management Inc. now owns 3,636,850 shares of the company’s stock worth $99,286,000 after buying an additional 643,199 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.1%

Shares of CGMS stock opened at $27.83 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The firm has a market cap of $3.02 billion, a PE ratio of 10.71 and a beta of 0.40. The stock has a 50 day moving average of $27.77 and a 200-day moving average of $27.40.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued 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 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.