Janney Montgomery Scott LLC Boosts Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Janney Montgomery Scott LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 100.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,107 shares of the company’s stock after buying an additional 58,291 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,167,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CGMS. Daymark Wealth Partners LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 16.6% in the 4th quarter. Daymark Wealth Partners LLC now owns 26,954 shares of the company’s stock valued at $735,000 after buying an additional 3,835 shares during the period. Koshinski Asset Management Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $1,015,000. M.E. Allison & CO. Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $243,000. TruWealth Advisors LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 42.9% in the fourth quarter. TruWealth Advisors LLC now owns 512,303 shares of the company’s stock valued at $13,976,000 after acquiring an additional 153,741 shares during the period. Finally, Ameritas Advisory Services LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 35.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 41,992 shares of the company’s stock worth $1,146,000 after purchasing an additional 11,057 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.5 %

Shares of CGMS opened at $27.42 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.49 and a 52-week high of $28.00. The company has a 50-day simple moving average of $27.44 and a 200-day simple moving average of $27.53.

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

The business also recently announced a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 31st will be issued a $0.1089 dividend. The ex-dividend date of this dividend is Friday, January 31st.

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

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.