Signature Estate & Investment Advisors LLC Acquires Shares of 28,749 Capital Group U.S. Multi-Sector Income ETF $CGMS

Signature Estate & Investment Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,749 shares of the company’s stock, valued at approximately $794,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Koshinski Asset Management Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 4.5% in the second quarter. Koshinski Asset Management Inc. now owns 40,026 shares of the company’s stock valued at $1,106,000 after buying an additional 1,731 shares during the period. Carmel Capital Partners LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 8.7% during the second quarter. Carmel Capital Partners LLC now owns 215,493 shares of the company’s stock worth $5,952,000 after purchasing an additional 17,327 shares during the period. Stratos Wealth Partners LTD. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth approximately $1,185,000. EQ Wealth Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 13.9% during the second quarter. EQ Wealth Advisors LLC now owns 483,678 shares of the company’s stock worth $13,359,000 after purchasing an additional 58,882 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.4% during the second quarter. Harbour Investments Inc. now owns 271,768 shares of the company’s stock worth $7,506,000 after purchasing an additional 11,472 shares during the period.

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

Shares of NYSEARCA CGMS opened at $27.83 on Monday. The firm has a market cap of $3.41 billion, a P/E ratio of 10.71 and a beta of 0.40. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The business’s 50 day moving average is $27.80 and its 200-day moving average is $27.43.

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. Stockholders of record on Monday, September 29th were paid a dividend of $0.1306 per share. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

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.