Capital Group U.S. Multi-Sector Income ETF $CGMS Stake Raised by EQ Wealth Advisors LLC

EQ Wealth Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 483,678 shares of the company’s stock after purchasing an additional 58,882 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for 9.1% of EQ Wealth Advisors LLC’s holdings, making the stock its largest holding. EQ Wealth Advisors LLC owned 0.45% of Capital Group U.S. Multi-Sector Income ETF worth $13,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGMS. Wealth Enhancement Advisory Services LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 13.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,818,245 shares of the company’s stock valued at $49,638,000 after purchasing an additional 219,940 shares during the period. Good Life Advisors LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 3.9% during the 1st quarter. Good Life Advisors LLC now owns 30,082 shares of the company’s stock worth $821,000 after acquiring an additional 1,116 shares in the last quarter. Mission Wealth Management LP acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth about $1,487,000. Janney Montgomery Scott LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 4.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 121,843 shares of the company’s stock worth $3,326,000 after acquiring an additional 5,736 shares in the last quarter. Finally, Vicus Capital lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 3.9% during the 1st quarter. Vicus Capital now owns 298,150 shares of the company’s stock worth $8,139,000 after acquiring an additional 11,065 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%

CGMS opened at $27.79 on Wednesday. The stock’s 50-day moving average price is $27.79 and its 200 day moving average price is $27.42. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.08 and a 12-month high of $28.08. The firm has a market cap of $3.40 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 announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid 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.