Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Acquired by Financial Perspectives Inc

Financial Perspectives Inc increased its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 59.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,853 shares of the company’s stock after acquiring an additional 692 shares during the period. Financial Perspectives Inc’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $51,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CGMS. LPL Financial LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 50.1% in the first quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock valued at $223,180,000 after buying an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 167.9% during the first quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock worth $109,344,000 after purchasing an additional 2,510,047 shares during the last quarter. Capital Advantage Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth approximately $58,232,000. CWM LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 441.9% during the second quarter. CWM LLC now owns 929,285 shares of the company’s stock worth $25,667,000 after purchasing an additional 757,795 shares during the last quarter. Finally, BlueStem Wealth Partners LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $19,251,000.

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

Shares of CGMS stock opened at $27.83 on Monday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The company has a 50 day moving average price of $27.80 and a 200 day moving average price of $27.43. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40.

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

The business also recently declared 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. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a yield of 5.6%.

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.