26,272 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS Bought by StoneX Group Inc.

StoneX Group Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 26,272 shares of the company’s stock, valued at approximately $702,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 16.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock worth $248,052,000 after purchasing an additional 1,259,374 shares in the last quarter. Cetera Investment Advisers boosted 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 buying an additional 646,551 shares in the last quarter. Capital Advantage Inc. boosted 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 buying an additional 1,292,902 shares in the last quarter. Royal Bank of Canada boosted 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 buying an additional 291,066 shares in the last quarter. Finally, Baird Financial Group Inc. grew 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 buying an additional 84,470 shares during the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $26.42 on Wednesday. The firm has a market cap 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. The firm’s 50 day moving average price is $26.56 and its two-hundred day moving average price is $27.21.

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

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.41 annualized dividend 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.

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.