Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 45.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 216,326 shares of the company’s stock after buying an additional 67,745 shares during the period. Merit Financial Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $6,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Financial Perspectives Inc raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% in the 2nd quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock valued at $51,000 after acquiring an additional 692 shares during the period. IFP Advisors Inc increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 38.3% in the 2nd quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after purchasing an additional 1,132 shares in the last quarter. AdvisorNet Financial Inc raised its position in Capital Group U.S. Multi-Sector Income ETF by 67.6% in the second quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock valued at $126,000 after purchasing an additional 1,836 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 88.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,005 shares of the company’s stock valued at $138,000 after purchasing an additional 2,352 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $204,000.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

CGMS stock opened at $27.62 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08. The firm has a market cap of $3.50 billion, a P/E ratio of 10.71 and a beta of 0.34. The stock has a 50-day simple moving average of $27.69 and a 200-day simple moving average of $27.70.

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

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

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.