Cullen Frost Bankers Inc. Increases Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cullen Frost Bankers Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 26.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 197,784 shares of the company’s stock after purchasing an additional 41,804 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $5,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 5.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 265,606 shares of the company’s stock worth $7,336,000 after buying an additional 14,623 shares in the last quarter. Synergy Investment Management LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 2.7% in the fourth quarter. Synergy Investment Management LLC now owns 103,699 shares of the company’s stock worth $2,864,000 after buying an additional 2,750 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 32.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 128,697 shares of the company’s stock worth $3,555,000 after buying an additional 31,491 shares in the last quarter. Mission Wealth Management LP lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 80.1% in the fourth quarter. Mission Wealth Management LP now owns 132,313 shares of the company’s stock worth $3,654,000 after buying an additional 58,832 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 5.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,447,206 shares of the company’s stock worth $39,972,000 after buying an additional 79,511 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.6%

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.43 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.94 and a 12-month high of $28.08. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. The company’s 50-day moving average price is $27.44 and its 200-day moving average price is $27.60.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.1148 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th.

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.