Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Holdings Boosted by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,298 shares of the company’s stock after purchasing an additional 1,903 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $25,000. PNC Financial Services Group Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at $27,000. Calton & Associates Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at $32,000. NBC Securities Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 122,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock valued at $33,000 after acquiring an additional 1,229 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at $41,000.

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

Shares of NYSEARCA:CGMS opened at $27.87 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.00. The stock has a fifty day moving average of $27.65 and a 200-day moving average of $27.36. The company has a market capitalization of $3.03 billion, a PE ratio of 10.71 and a beta of 0.40.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 29th were given a dividend of $0.1371 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Friday, August 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.