Envestnet Asset Management Inc. Acquires 607,801 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Envestnet Asset Management Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 16.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,244,651 shares of the company’s stock after acquiring an additional 607,801 shares during the quarter. Envestnet Asset Management Inc. owned approximately 3.99% of Capital Group U.S. Multi-Sector Income ETF worth $117,237,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 50.1% in the 1st quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock valued at $223,180,000 after buying an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 167.9% in the 1st quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock valued at $109,344,000 after buying an additional 2,510,047 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 25.5% in the 1st quarter. Cetera Investment Advisers now owns 2,261,512 shares of the company’s stock valued at $61,739,000 after buying an additional 459,655 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 23.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,120,720 shares of the company’s stock valued at $57,896,000 after buying an additional 406,566 shares during the last quarter. Finally, Capital Advantage Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at approximately $58,232,000.

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

NYSEARCA CGMS opened at $27.99 on Wednesday. The company has a market cap of $3.51 billion, a PE ratio of 10.71 and a beta of 0.34. 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 stock has a 50 day moving average of $27.84 and a 200-day moving average of $27.50.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued a $0.1306 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, September 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.