Synergy Investment Management LLC Purchases New Shares in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Synergy Investment Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 52,179 shares of the company’s stock, valued at approximately $1,423,000. Synergy Investment Management LLC owned 0.20% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CGMS. Steward Partners Investment Advisory LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 165.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,088 shares of the company’s stock valued at $466,000 after buying an additional 10,652 shares during the period. Von Berge Wealth Management Group LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 18.1% during the 4th quarter. Von Berge Wealth Management Group LLC now owns 33,296 shares of the company’s stock valued at $917,000 after acquiring an additional 5,111 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 92.8% during the 4th quarter. Jones Financial Companies Lllp now owns 428,385 shares of the company’s stock worth $11,686,000 after acquiring an additional 206,240 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 22.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 185,363 shares of the company’s stock worth $5,062,000 after acquiring an additional 33,513 shares in the last quarter. Finally, Sharkey Howes & Javer lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 30.1% in the 4th quarter. Sharkey Howes & Javer now owns 87,640 shares of the company’s stock valued at $2,391,000 after purchasing an additional 20,281 shares during the period.

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

NYSEARCA CGMS opened at $27.63 on Tuesday. The firm has a market capitalization of $2.43 billion, a PE ratio of 16.63 and a beta of 0.39. The stock’s 50 day moving average is $27.41 and its 200 day moving average is $27.56. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.49 and a twelve month high of $28.00.

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

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a $0.1089 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.