Envestnet Portfolio Solutions Inc. Has $1.36 Million Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 68.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 49,223 shares of the company’s stock after selling 104,488 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,360,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 19.7% during the second quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock worth $4,030,000 after buying an additional 24,055 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 12.1% during the first quarter. Inspire Advisors LLC now owns 56,230 shares of the company’s stock valued at $1,535,000 after buying an additional 6,078 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 49.1% during the first quarter. Royal Bank of Canada now owns 764,516 shares of the company’s stock valued at $20,871,000 after buying an additional 251,804 shares during the last quarter. US Bancorp DE acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at about $143,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 17.2% during the first quarter. Cullen Frost Bankers Inc. now owns 94,607 shares of the company’s stock worth $2,583,000 after purchasing an additional 13,893 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 $27.83 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The stock has a market cap of $3.41 billion, a PE ratio of 10.71 and a beta of 0.40. The firm’s 50-day simple moving average is $27.80 and its 200 day simple moving average is $27.43.

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.