Concurrent Investment Advisors LLC Purchases 33,459 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Concurrent Investment Advisors LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 21.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 188,553 shares of the company’s stock after purchasing an additional 33,459 shares during the quarter. Concurrent Investment Advisors LLC owned approximately 0.18% of Capital Group U.S. Multi-Sector Income ETF worth $5,208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 50.1% in the 1st quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock worth $223,180,000 after purchasing an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 167.9% in the 1st quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock worth $109,344,000 after purchasing an additional 2,510,047 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 21.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,636,850 shares of the company’s stock worth $99,286,000 after purchasing an additional 643,199 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 25.5% in the 1st quarter. Cetera Investment Advisers now owns 2,261,512 shares of the company’s stock worth $61,739,000 after purchasing an additional 459,655 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 23.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,120,720 shares of the company’s stock worth $57,896,000 after purchasing an additional 406,566 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.3%

Shares of CGMS stock opened at $27.64 on Monday. 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 has a market cap of $3.38 billion, a PE ratio of 10.71 and a beta of 0.40. The stock has a 50 day moving average of $27.78 and a 200-day moving average of $27.41.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a $0.1306 dividend. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Monday, September 29th.

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.