Souders Financial Advisors Has $7.62 Million Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Souders Financial Advisors lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,305 shares of the company’s stock after buying an additional 33,183 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 1.1% of Souders Financial Advisors’ holdings, making the stock its 26th largest holding. Souders Financial Advisors’ holdings in Capital Group U.S. Multi-Sector Income ETF were worth $7,619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $51,000. Brookstone Capital Management bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $542,000. Janney Montgomery Scott LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the third quarter. Janney Montgomery Scott LLC now owns 57,816 shares of the company’s stock worth $1,610,000 after buying an additional 13,608 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth approximately $84,000. Finally, Von Berge Wealth Management Group LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after acquiring an additional 482 shares during the last quarter.

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

CGMS stock opened at $27.58 on Wednesday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.63 and a beta of 0.39. The business has a fifty day moving average price of $27.42 and a 200 day moving average price of $27.56. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.49 and a fifty-two week high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were issued a $0.1089 dividend. The ex-dividend date was Friday, January 31st.

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