Valmark Advisers Inc. Has $14.94 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Valmark Advisers Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 4.7% during the third quarter, HoldingsChannel.com reports. The firm owned 538,456 shares of the company’s stock after purchasing an additional 24,237 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $14,942,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 27.4% in the 1st quarter. NewEdge Advisors LLC now owns 80,481 shares of the company’s stock valued at $2,197,000 after purchasing an additional 17,288 shares during the last quarter. Jane Street Group LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 125.9% in the first quarter. Jane Street Group LLC now owns 592,433 shares of the company’s stock valued at $16,173,000 after purchasing an additional 330,130 shares during the period. Focus Partners Wealth bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $1,048,000. Geneos Wealth Management Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 391.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 15,425 shares of the company’s stock valued at $421,000 after buying an additional 12,285 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 340.6% in the first quarter. Jacobi Capital Management LLC now owns 77,466 shares of the company’s stock valued at $2,115,000 after acquiring an additional 59,885 shares in the last quarter.

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

Shares of CGMS opened at $27.72 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 firm’s 50 day moving average is $27.67 and its 200-day moving average is $27.71. The stock has a market capitalization of $3.99 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.1662 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

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.