Cadent Capital Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 107,055 shares of the company’s stock, valued at approximately $2,808,000.
Other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 16.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock valued at $248,052,000 after purchasing an additional 1,259,374 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock worth $116,984,000 after acquiring an additional 646,551 shares in the last quarter. Capital Advantage Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 51.7% in the 2nd quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock worth $103,627,000 after acquiring an additional 1,292,902 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.9% during the 4th quarter. Great Valley Advisor Group Inc. now owns 3,024,203 shares of the company’s stock valued at $83,528,000 after acquiring an additional 368,131 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.5% in the first quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock worth $48,656,000 after buying an additional 291,066 shares during the last quarter.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Shares of CGMS traded up $0.01 during trading hours on Friday, hitting $26.36. 548,450 shares of the company were exchanged, compared to its average volume of 1,076,388. The company has a market cap of $5.41 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 $26.09 and a 52 week high of $27.99. The firm’s 50 day moving average is $26.88 and its 200-day moving average is $27.22.
Capital Group U.S. Multi-Sector Income ETF Increases Dividend
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.
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