Koshinski Asset Management Inc. Purchases 1,731 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Koshinski Asset Management Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 4.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 40,026 shares of the company’s stock after purchasing an additional 1,731 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,106,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CGMS. PNC Financial Services Group Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at $27,000. Calton & Associates Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at about $32,000. ORG Partners LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $41,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $85,000. Finally, IFP Advisors Inc grew its stake in Capital Group U.S. Multi-Sector Income ETF by 38.3% during the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after purchasing an additional 1,132 shares during the period.

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

Shares of CGMS stock opened at $27.83 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The stock has a 50 day simple moving average of $27.80 and a two-hundred day simple moving average of $27.43. The company has a market cap of $3.41 billion, a P/E ratio of 10.71 and a beta of 0.40.

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

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a dividend of $0.1306 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, September 29th.

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.