Sowell Financial Services LLC Grows Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Sowell Financial Services LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 69.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,515 shares of the company’s stock after purchasing an additional 19,486 shares during the period. Sowell Financial Services LLC owned approximately 0.18% of Capital Group U.S. Multi-Sector Income ETF worth $1,296,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock worth $754,000 after purchasing an additional 465 shares during the period. Von Berge Wealth Management Group LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after purchasing an additional 482 shares during the period. Larson Financial Group LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 26.6% in the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after buying an additional 551 shares during the period. Barnes Pettey Financial Advisors LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 6.2% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock valued at $317,000 after buying an additional 683 shares during the period. Finally, CAP Partners LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 4.3% in the 3rd quarter. CAP Partners LLC now owns 18,894 shares of the company’s stock valued at $526,000 after buying an additional 777 shares during the period.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.48 on Tuesday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 16.63 and a beta of 0.39. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.49 and a 1 year high of $28.00. The firm has a 50-day moving average of $27.44 and a two-hundred day moving average of $27.55.

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

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a $0.1089 dividend. The ex-dividend date was 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.