Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Holdings Boosted by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 130.8% during the third quarter, Holdings Channel reports. The firm owned 54,434 shares of the company’s stock after purchasing an additional 30,844 shares during the period. Stonebridge Financial Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,428,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CGMS. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 24.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 113,707 shares of the company’s stock worth $3,108,000 after buying an additional 22,043 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 acquiring an additional 1,259,374 shares during the last quarter. Capital Analysts LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 149.6% during the second quarter. Capital Analysts LLC now owns 43,462 shares of the company’s stock valued at $1,188,000 after acquiring an additional 26,051 shares during the period. Capital Advantage Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 51.7% during the second 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. Finally, Integrated Wealth Concepts LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 4.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 412,825 shares of the company’s stock worth $11,283,000 after purchasing an additional 17,316 shares in the last quarter.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock traded up $0.01 during trading hours on Thursday, hitting $26.24. The company’s stock had a trading volume of 1,591,319 shares, compared to its average volume of 1,065,467. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.09 and a 1-year high of $27.99. The business has a fifty day moving average of $26.98 and a 200 day moving average of $27.26. The company has a market capitalization of $5.33 billion, a PE ratio of 10.71 and a beta of 0.29.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.1402 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.4%.

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.