Von Berge Wealth Management Group LLC Purchases 19,478 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Von Berge Wealth Management Group LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 44.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 63,478 shares of the company’s stock after buying an additional 19,478 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for about 1.0% of Von Berge Wealth Management Group LLC’s investment portfolio, making the stock its 23rd largest holding. Von Berge Wealth Management Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,756,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 50.1% during the 1st quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock valued at $223,180,000 after purchasing an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 167.9% during the 1st quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock valued at $109,344,000 after purchasing an additional 2,510,047 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 21.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,636,850 shares of the company’s stock valued at $99,286,000 after purchasing an additional 643,199 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 25.5% during the 1st quarter. Cetera Investment Advisers now owns 2,261,512 shares of the company’s stock valued at $61,739,000 after purchasing an additional 459,655 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 23.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,120,720 shares of the company’s stock valued at $57,896,000 after purchasing an additional 406,566 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.3%

Shares of CGMS stock opened at $27.64 on Friday. 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 company has a market capitalization of $3.38 billion, a P/E ratio of 10.71 and a beta of 0.40. The firm has a 50-day moving average price of $27.78 and a 200 day moving average price of $27.41.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a $0.1306 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

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.