Ausdal Financial Partners Inc. Raises Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Ausdal Financial Partners Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,047 shares of the company’s stock after acquiring an additional 5,085 shares during the period. Ausdal Financial Partners Inc. owned approximately 0.18% of Capital Group U.S. Multi-Sector Income ETF worth $1,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $51,000. VisionPoint Advisory Group LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $59,000. Larson Financial Group LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 26.6% in the fourth quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock worth $72,000 after acquiring an additional 551 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $74,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $74,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.2 %

Shares of NYSEARCA CGMS opened at $27.45 on Thursday. The stock has a fifty day moving average price of $27.50 and a 200 day moving average price of $27.53. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.49 and a 12-month high of $28.00. The company has a market cap of $2.50 billion, a P/E ratio of 10.88 and a beta of 0.38.

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

The business also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were issued a dividend of $0.1089 per share. The ex-dividend date was Friday, January 31st.

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