Janney Montgomery Scott LLC Has $1.61 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Janney Montgomery Scott LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 30.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,816 shares of the company’s stock after purchasing an additional 13,608 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,610,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CGMS. Envestnet Asset Management Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 201.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock worth $38,418,000 after purchasing an additional 953,285 shares during the period. Cetera Investment Advisers grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 185.8% in the second quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after purchasing an additional 594,834 shares during the period. LPL Financial LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 43.2% in the second quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock valued at $51,005,000 after buying an additional 571,611 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock valued at $36,016,000 after buying an additional 479,500 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at $11,970,000.

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

CGMS opened at $27.42 on Thursday. The company’s 50-day moving average is $27.67 and its 200 day moving average is $27.36. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.86 and a fifty-two week high of $28.00.

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

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a dividend of $0.1076 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.