StoneX Group Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,272 shares of the company’s stock, valued at approximately $702,000.
Other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 16.1% in the second quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock valued at $248,052,000 after acquiring an additional 1,259,374 shares in the last quarter. Cetera Investment Advisers raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock worth $116,984,000 after purchasing an additional 646,551 shares in the last quarter. Capital Advantage Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 51.7% during the second quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock worth $103,627,000 after purchasing an additional 1,292,902 shares in the last quarter. Royal Bank of Canada raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.5% during the first quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock worth $48,656,000 after purchasing an additional 291,066 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 8.0% in the second quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock worth $31,068,000 after purchasing an additional 84,470 shares during the period.
Capital Group U.S. Multi-Sector Income ETF Price Performance
CGMS opened at $26.42 on Wednesday. The business has a 50 day moving average price of $26.56 and a two-hundred day moving average price of $27.21. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.09 and a 1-year high of $27.86.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.1176 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 5.3%. This is a drop from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.
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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