Signature Equity Partners LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 4,586.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,231 shares of the company’s stock after purchasing an additional 23,714 shares during the period. Signature Equity Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $636,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in shares of 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 worth $248,052,000 after buying an additional 1,259,374 shares during the last quarter. Cetera Investment Advisers grew its stake in Capital Group U.S. Multi-Sector Income ETF by 17.7% in the 1st quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after buying an additional 646,551 shares during the last quarter. Capital Advantage Inc. grew 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 valued at $103,627,000 after buying an additional 1,292,902 shares during the last quarter. Royal Bank of Canada raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.5% in the 1st quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock valued at $48,656,000 after acquiring an additional 291,066 shares during the period. Finally, Valmark Advisers Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 135.9% in the 1st quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after acquiring an additional 879,055 shares during the period.
Capital Group U.S. Multi-Sector Income ETF Stock Down 0.2%
Shares of CGMS stock opened at $26.39 on Tuesday. The firm has a 50 day moving average price of $26.64 and a two-hundred day moving average price of $27.25. The company has a market capitalization of $5.57 billion, a PE ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.09 and a 12-month high of $27.86.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a dividend of $0.1176 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 5.3%. This is a decrease from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402. The ex-dividend date was Friday, October 30th.
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.
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