Cullen Frost Bankers Inc. Buys 41,804 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Cullen Frost Bankers Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 26.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 197,784 shares of the company’s stock after buying an additional 41,804 shares during the quarter. Cullen Frost Bankers Inc. owned approximately 0.13% of Capital Group U.S. Multi-Sector Income ETF worth $5,463,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 27.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock valued at $149,867,000 after purchasing an additional 1,155,945 shares during the last quarter. UBS Group AG lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 25.2% during the fourth quarter. UBS Group AG now owns 4,413,157 shares of the company’s stock valued at $121,891,000 after purchasing an additional 888,212 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the third quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock valued at $120,404,000 after purchasing an additional 360,166 shares during the last quarter. Capital Advantage Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 6.4% during the fourth quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock valued at $63,752,000 after purchasing an additional 138,954 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 3.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,728,042 shares of the company’s stock valued at $47,884,000 after purchasing an additional 59,478 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.6%

NYSEARCA CGMS opened at $27.43 on Thursday. The company has a market cap of $4.69 billion, a PE ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.94 and a 52 week high of $28.08. The firm’s 50-day simple moving average is $27.44 and its two-hundred day simple moving average is $27.60.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.1148 per share. This represents a c) annualized dividend and a yield of 5.0%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Friday, February 27th.

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.