Endeavor Private Wealth Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 33.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,768 shares of the company’s stock after purchasing an additional 24,420 shares during the quarter. Endeavor Private Wealth Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,564,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. GK Wealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth $52,000. Latitude Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $52,000. CX Institutional purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $68,000. TD Waterhouse Canada Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $71,000. Finally, Olistico Wealth LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 47.6% in the third quarter. Olistico Wealth LLC now owns 3,230 shares of the company’s stock valued at $85,000 after purchasing an additional 1,042 shares during the last quarter.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Capital Group U.S. Multi-Sector Income ETF stock opened at $26.44 on Thursday. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.09 and a fifty-two week high of $27.86. The stock has a fifty day moving average of $26.55 and a two-hundred day moving average of $27.20.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a $0.1176 dividend. This represents a $1.41 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Friday, October 30th. This is a negative change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.
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.
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