Raymond James Financial Inc. Buys Shares of 1,495,230 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Raymond James Financial Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,495,230 shares of the company’s stock, valued at approximately $40,790,000. Raymond James Financial Inc. owned about 0.06% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. LPL Financial LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 70.2% in the fourth quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock worth $148,549,000 after buying an additional 2,245,608 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 55.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,993,651 shares of the company’s stock worth $81,667,000 after acquiring an additional 1,068,144 shares during the last quarter. Wells Fargo & Company MN raised its stake in Capital Group U.S. Multi-Sector Income ETF by 40.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,913,313 shares of the company’s stock valued at $52,195,000 after acquiring an additional 546,392 shares during the period. Atria Investments Inc lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 990.3% during the fourth quarter. Atria Investments Inc now owns 434,488 shares of the company’s stock valued at $11,853,000 after purchasing an additional 394,636 shares during the last quarter. Finally, EQ Wealth Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $10,477,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.3 %

Capital Group U.S. Multi-Sector Income ETF stock opened at $26.69 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.00. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 10.83 and a beta of 0.36. The firm has a 50 day simple moving average of $27.30 and a 200 day simple moving average of $27.43.

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

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were paid a dividend of $0.1376 per share. The ex-dividend date was Friday, March 28th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.