Capital Group U.S. Multi-Sector Income ETF $CGMS Stake Increased by Carmel Capital Partners LLC

Carmel Capital Partners LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 8.7% during the second quarter, Holdings Channel reports. The institutional investor owned 215,493 shares of the company’s stock after purchasing an additional 17,327 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises 2.1% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Carmel Capital Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $5,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. Stratos Wealth Partners LTD. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $1,185,000. EQ Wealth Advisors LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 13.9% in the second quarter. EQ Wealth Advisors LLC now owns 483,678 shares of the company’s stock valued at $13,359,000 after buying an additional 58,882 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.4% in the second quarter. Harbour Investments Inc. now owns 271,768 shares of the company’s stock valued at $7,506,000 after buying an additional 11,472 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $204,000. Finally, Total Clarity Wealth Management Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 9.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 105,399 shares of the company’s stock valued at $2,911,000 after buying an additional 9,255 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Price Performance

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.83 on Friday. 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 company has a market cap of $3.41 billion, a PE ratio of 10.71 and a beta of 0.40. The stock’s 50 day moving average price is $27.80 and its 200 day moving average price 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. Shareholders of record on Monday, September 29th were given a dividend of $0.1306 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, September 29th.

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.