Burford Brothers Inc. Has $937,000 Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Burford Brothers Inc. lowered its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 33,930 shares of the company’s stock after selling 1,186 shares during the period. Burford Brothers Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $937,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CGMS. Wealth Enhancement Advisory Services LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 13.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,818,245 shares of the company’s stock worth $49,638,000 after buying an additional 219,940 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 121,843 shares of the company’s stock worth $3,326,000 after acquiring an additional 5,736 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 11.1% in the first quarter. Cornerstone Wealth Management LLC now owns 10,266 shares of the company’s stock valued at $280,000 after purchasing an additional 1,023 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 21.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 153,711 shares of the company’s stock valued at $4,196,000 after purchasing an additional 27,304 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth about $41,000.

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

Shares of CGMS stock opened at $27.83 on Friday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.08. The company has a 50-day simple moving average of $27.80 and a two-hundred day simple moving average of $27.43.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a dividend of $0.1306 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, September 29th.

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.