Souders Financial Advisors Acquires 31,628 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Souders Financial Advisors increased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,184 shares of the company’s stock after purchasing an additional 31,628 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for 1.2% of Souders Financial Advisors’ investment portfolio, making the stock its 25th biggest position. Souders Financial Advisors’ holdings in Capital Group U.S. Multi-Sector Income ETF were worth $10,106,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pines Wealth Management LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% during the third quarter. Pines Wealth Management LLC now owns 29,398 shares of the company’s stock valued at $816,000 after buying an additional 477 shares during the last quarter. CAP Partners LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 2.2% during the 2nd quarter. CAP Partners LLC now owns 22,091 shares of the company’s stock worth $610,000 after acquiring an additional 484 shares during the last quarter. PFG Advisors grew its position in Capital Group U.S. Multi-Sector Income ETF by 1.6% during the 2nd quarter. PFG Advisors now owns 30,400 shares of the company’s stock worth $840,000 after acquiring an additional 491 shares during the last quarter. Cottage Street Advisors LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 1.4% in the 2nd quarter. Cottage Street Advisors LLC now owns 42,928 shares of the company’s stock worth $1,186,000 after purchasing an additional 590 shares during the period. Finally, Lodestone Wealth Management LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 0.8% in the second quarter. Lodestone Wealth Management LLC now owns 75,951 shares of the company’s stock valued at $2,098,000 after purchasing an additional 609 shares during the last quarter.

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

NYSEARCA:CGMS opened at $27.65 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The firm has a market cap of $4.13 billion, a PE ratio of 10.71 and a beta of 0.34. The business has a 50 day moving average price of $27.71 and a 200-day moving average price of $27.73.

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

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a $0.1114 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, January 30th.

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.