Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Purchased by Endeavor Private Wealth Inc.

Endeavor Private Wealth Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 33.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,768 shares of the company’s stock after acquiring an additional 24,420 shares during the quarter. Endeavor Private Wealth Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,564,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CGMS. Envestnet Asset Management Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 16.1% in the second quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock valued at $248,052,000 after buying an additional 1,259,374 shares during the last quarter. Cetera Investment Advisers lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock worth $116,984,000 after purchasing an additional 646,551 shares in the last quarter. Capital Advantage Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 51.7% during the 2nd quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock valued at $103,627,000 after acquiring an additional 1,292,902 shares during the period. Royal Bank of Canada boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.5% in the first quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock valued at $48,656,000 after purchasing an additional 291,066 shares during the period. Finally, Baird Financial Group Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock valued at $31,068,000 after buying an additional 84,470 shares during the period.

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

CGMS opened at $26.44 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.09 and a 12 month high of $27.86. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. The business has a fifty day moving average price of $26.55 and a 200 day moving average price of $27.20.

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

The company also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a dividend of $0.1176 per share. This is a drop from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402. The ex-dividend date was Friday, October 30th. This represents a $1.41 annualized dividend and a yield of 5.3%.

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.