Concourse Financial Group Securities Inc. Raises Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Concourse Financial Group Securities Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 37,846 shares of the company’s stock after buying an additional 4,564 shares during the period. Concourse Financial Group Securities Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,038,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 26.6% in the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock worth $72,000 after purchasing an additional 551 shares in the last quarter. Barnes Pettey Financial Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 6.2% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock valued at $317,000 after buying an additional 683 shares during the last quarter. CAP Partners LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.2% in the fourth quarter. CAP Partners LLC now owns 19,688 shares of the company’s stock worth $537,000 after buying an additional 794 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.3% during the fourth quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock worth $320,000 after acquiring an additional 795 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 3.8% during the fourth quarter. Waterfront Wealth Inc. now owns 21,800 shares of the company’s stock valued at $595,000 after acquiring an additional 798 shares in the last quarter.

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

Shares of NYSEARCA CGMS opened at $26.75 on Friday. The company has a market cap of $2.51 billion, a P/E ratio of 10.83 and a beta of 0.36. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.00. The firm’s fifty day moving average is $27.26 and its two-hundred day moving average is $27.40.

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

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

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.