Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Purchased by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 7.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 826,082 shares of the company’s stock after purchasing an additional 57,315 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 3.9% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its 8th largest holding. J. Derek Lewis & Associates Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $21,668,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. StoneX Group Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $702,000. Gutierrez Wealth Advisory LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 40.0% in the third quarter. Gutierrez Wealth Advisory LLC now owns 30,742 shares of the company’s stock valued at $806,000 after acquiring an additional 8,782 shares during the last quarter. Compass Financial Management LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 3.7% during the third quarter. Compass Financial Management LLC now owns 120,153 shares of the company’s stock worth $3,152,000 after acquiring an additional 4,246 shares in the last quarter. Signature Equity Partners LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 4,586.8% during the third quarter. Signature Equity Partners LLC now owns 24,231 shares of the company’s stock valued at $636,000 after purchasing an additional 23,714 shares during the last quarter. Finally, Security Financial Services INC. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 4.0% in the third quarter. Security Financial Services INC. now owns 18,815 shares of the company’s stock valued at $494,000 after purchasing an additional 725 shares in the last quarter.

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

Shares of CGMS opened at $26.50 on Friday. The firm has a 50-day moving average of $26.58 and a 200-day moving average of $27.22. The company has a market cap of $5.63 billion, a PE ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.09 and a one year high of $27.86.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a dividend of $0.1176 per share. This represents a $1.41 annualized dividend and a yield of 5.3%. The ex-dividend date was Friday, October 30th. This is a negative change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.

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.