Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,126 shares of the company’s stock after acquiring an additional 17,086 shares during the period. Dynamic Advisor Solutions LLC owned 0.46% of Capital Group U.S. Multi-Sector Income ETF worth $3,316,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 43.2% during the 2nd quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock valued at $51,005,000 after purchasing an additional 571,611 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock valued at $38,418,000 after acquiring an additional 953,285 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 24.9% during the second quarter. Commonwealth Equity Services LLC now owns 1,211,207 shares of the company’s stock valued at $32,606,000 after acquiring an additional 241,461 shares during the period. Cetera Investment Advisers grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 185.8% during the second quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after acquiring an additional 594,834 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 37.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 814,193 shares of the company’s stock worth $21,918,000 after acquiring an additional 220,546 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.4 %

Shares of NYSEARCA:CGMS opened at $27.73 on Wednesday. The company’s 50-day moving average price is $27.66 and its 200 day moving average price is $27.23. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.00 and a fifty-two week high of $28.00.

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

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

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.