Capital Group U.S. Multi-Sector Income ETF $CGMS Stock: Signature Equity Partners LLC Increases Holdings

Signature Equity Partners LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 4,586.8% in the 3rd quarter, according to 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 added to or reduced their stakes in CGMS. Capital Advantage Inc. increased its stake in shares of 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 purchasing an additional 1,292,902 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings 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 in the last quarter. Waverly Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth $25,993,000. Valmark Advisers Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% during the 1st quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock worth $41,546,000 after buying an additional 879,055 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% during the 1st 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 during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.2%

NYSEARCA:CGMS opened at $26.39 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.09 and a twelve month high of $27.86. The stock’s 50-day simple moving average is $26.64 and its 200 day simple moving average is $27.25. The firm 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 Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.1176 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, October 30th. This is a decrease 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.