Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Bought by Transcendent Capital Group LLC

Transcendent Capital Group LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,788 shares of the company’s stock after purchasing an additional 2,197 shares during the quarter. Transcendent Capital Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,928,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CGMS. LPL Financial LLC increased its stake in 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 purchasing an additional 2,729,762 shares during the period. Raymond James Financial Inc. increased its stake in shares of 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 acquiring an additional 2,510,047 shares during the period. Capital Advantage Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $58,232,000. BlueStem Wealth Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth about $19,251,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 21.5% during the first quarter. Envestnet Asset Management Inc. now owns 3,636,850 shares of the company’s stock worth $99,286,000 after acquiring an additional 643,199 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.3%

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.64 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.08. The company’s 50-day simple moving average is $27.78 and its 200-day simple moving average is $27.41. The firm has a market cap of $3.38 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 company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid a dividend of $0.1306 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, September 29th.

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.