Concurrent Investment Advisors LLC Acquires 36,922 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Concurrent Investment Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 307,249 shares of the company’s stock after acquiring an additional 36,922 shares during the period. Concurrent Investment Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $8,397,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Focus Partners Wealth acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth $1,048,000. NewEdge Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 85.1% in the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after purchasing an additional 68,484 shares during the period. CLG LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,261 shares during the period. Benjamin Edwards Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 4.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after purchasing an additional 17,345 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth $230,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0%

Shares of CGMS opened at $27.00 on Friday. The stock’s 50-day moving average price is $27.19 and its two-hundred day moving average price is $27.38. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.94 and a 12 month high of $28.08. The company has a market capitalization of $5.31 billion, a PE ratio of 10.71 and a beta of 0.29.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.1595 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, July 31st.

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.