Farther Finance Advisors LLC Buys New Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Farther Finance Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,000 shares of the company’s stock, valued at approximately $84,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CGMS. Janney Montgomery Scott LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 44.4% in the first quarter. Janney Montgomery Scott LLC now owns 32,207 shares of the company’s stock worth $871,000 after buying an additional 9,900 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth $294,000. Kingsview Wealth Management LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 51.7% during the first quarter. Kingsview Wealth Management LLC now owns 15,808 shares of the company’s stock valued at $427,000 after buying an additional 5,388 shares during the period. Comerica Bank grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 250.0% during the first quarter. Comerica Bank now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 1,500 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 613.6% in the first quarter. Cetera Investment Advisers now owns 320,165 shares of the company’s stock worth $8,657,000 after buying an additional 275,301 shares during the period.

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

NYSEARCA:CGMS opened at $27.43 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.59 and a fifty-two week high of $28.00. The business has a 50 day moving average price of $27.68 and a 200-day moving average price of $27.36.

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

The company also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued a $0.1076 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.