CAP Partners LLC Grows Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

CAP Partners LLC raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,091 shares of the company’s stock after purchasing an additional 484 shares during the period. CAP Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFB Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at about $207,000. Onyx Bridge Wealth Group LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 87.3% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 389,717 shares of the company’s stock valued at $10,764,000 after purchasing an additional 181,656 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the 2nd quarter. D.A. Davidson & CO. now owns 193,473 shares of the company’s stock valued at $5,344,000 after purchasing an additional 16,104 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 28.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 121,889 shares of the company’s stock valued at $3,367,000 after purchasing an additional 27,282 shares in the last quarter. Finally, Financial Perspectives Inc lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 59.6% in the 2nd quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock valued at $51,000 after purchasing an additional 692 shares in the last quarter.

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

NYSEARCA:CGMS opened at $27.86 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’s 50-day moving average is $27.82 and its two-hundred day moving average is $27.45. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40.

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

The business also recently disclosed 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 of this dividend 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 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.