Capital Group U.S. Multi-Sector Income ETF $CGMS Holdings Lifted by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 130.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,434 shares of the company’s stock after purchasing an additional 30,844 shares during the period. Stonebridge Financial Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CGMS. Burford Brothers Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 1.4% in the 1st quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after acquiring an additional 414 shares during the period. Trilogy Capital Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% during the 2nd quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock worth $1,092,000 after purchasing an additional 480 shares during the period. Total Clarity Wealth Management Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% during the first quarter. Total Clarity Wealth Management Inc. now owns 110,996 shares of the company’s stock worth $3,022,000 after purchasing an additional 488 shares during the last quarter. CAP Partners LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% in the first quarter. CAP Partners LLC now owns 22,029 shares of the company’s stock valued at $600,000 after purchasing an additional 623 shares during the period. Finally, First Heartland Consultants Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 8.9% in the second quarter. First Heartland Consultants Inc. now owns 9,171 shares of the company’s stock valued at $251,000 after purchasing an additional 747 shares during the last quarter.

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

NYSEARCA CGMS traded up $0.01 during trading hours on Thursday, hitting $26.24. 1,591,319 shares of the company’s stock were exchanged, compared to its average volume of 1,065,467. The business’s 50 day moving average is $26.98 and its 200-day moving average is $27.26. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.09 and a 12-month high of $27.99. The firm has a market capitalization of $5.33 billion, a P/E ratio of 10.71 and a beta of 0.29.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.1402 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.4%. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297.

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.