Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Acquired by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 428,126 shares of the company’s stock after buying an additional 20,497 shares during the period. Capital Group Private Client Services Inc. owned 0.34% of Capital Group U.S. Multi-Sector Income ETF worth $11,880,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 27.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock worth $149,867,000 after buying an additional 1,155,945 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 19.0% in the second quarter. Cetera Investment Advisers now owns 2,690,563 shares of the company’s stock valued at $74,313,000 after acquiring an additional 429,051 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at approximately $11,825,000. Osaic Holdings Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 30.2% during the second quarter. Osaic Holdings Inc. now owns 1,768,762 shares of the company’s stock valued at $48,855,000 after acquiring an additional 410,734 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 14.9% during the third quarter. Commonwealth Equity Services LLC now owns 2,758,629 shares of the company’s stock worth $76,552,000 after purchasing an additional 357,831 shares in the last quarter.

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

CGMS opened at $27.57 on Tuesday. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The business has a 50 day moving average price of $27.71 and a two-hundred day moving average price of $27.75.

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

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a $0.1148 dividend. This represents a c) annualized dividend and a yield of 5.0%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date was Friday, February 27th.

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.