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

Merit Financial Group LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 197.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,581 shares of the company’s stock after acquiring an additional 98,685 shares during the quarter. Merit Financial Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $4,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth about $27,000. Calton & Associates Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at approximately $32,000. NBC Securities Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 122,900.0% during the first quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock valued at $33,000 after buying an additional 1,229 shares in the last quarter. ORG Partners LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $41,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $85,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.1%

Shares of CGMS stock opened at $27.80 on Tuesday. The company has a market cap of $3.37 billion, a PE ratio of 10.71 and a beta of 0.40. The company’s fifty day simple moving average is $27.77 and its 200-day simple moving average is $27.41. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a $0.1306 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a yield of 5.6%.

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