DAVENPORT & Co LLC Purchases 8,023 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

DAVENPORT & Co LLC increased its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 7.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,237 shares of the company’s stock after acquiring an additional 8,023 shares during the quarter. DAVENPORT & Co LLC owned about 0.11% of Capital Group U.S. Multi-Sector Income ETF worth $3,155,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CGMS. LPL Financial LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 50.1% in the first quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock valued at $223,180,000 after purchasing an additional 2,729,762 shares in the last quarter. Raymond James Financial Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 167.9% in the first quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock valued at $109,344,000 after purchasing an additional 2,510,047 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 21.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,636,850 shares of the company’s stock valued at $99,286,000 after purchasing an additional 643,199 shares in the last quarter. Cetera Investment Advisers raised its stake in Capital Group U.S. Multi-Sector Income ETF by 25.5% in the first quarter. Cetera Investment Advisers now owns 2,261,512 shares of the company’s stock valued at $61,739,000 after purchasing an additional 459,655 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 23.7% in the first quarter. Commonwealth Equity Services LLC now owns 2,120,720 shares of the company’s stock valued at $57,896,000 after purchasing an additional 406,566 shares in the last quarter.

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

Shares of CGMS opened at $27.78 on Thursday. The firm’s 50 day simple moving average is $27.78 and its 200 day simple moving average is $27.41. The company has a market capitalization of $3.37 billion, a P/E ratio of 10.71 and a beta of 0.40. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08.

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

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

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