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 lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 30.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,816 shares of the company’s stock after purchasing an additional 13,608 shares during the quarter. Janney Montgomery Scott LLC owned 0.22% of Capital Group U.S. Multi-Sector Income ETF worth $1,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGMS. LPL Financial LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 43.2% in the 2nd quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock valued at $51,005,000 after acquiring an additional 571,611 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 26.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,531,827 shares of the company’s stock valued at $42,646,000 after acquiring an additional 320,620 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 201.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock worth $38,418,000 after buying an additional 953,285 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 58.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after buying an additional 479,500 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Capital Group U.S. Multi-Sector Income ETF by 185.8% during the 2nd quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after buying an additional 594,834 shares in the last quarter.

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

Shares of NYSEARCA:CGMS opened at $27.42 on Thursday. The company’s 50-day moving average price is $27.67 and its two-hundred day moving average price is $27.36. Capital Group U.S. Multi-Sector Income ETF has a one year low of $25.86 and a one year 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. Shareholders of record on Friday, September 27th were given 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.