Seamount Financial Group Inc. Has $1.61 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Seamount Financial Group Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 4.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 58,366 shares of the company’s stock after purchasing an additional 2,260 shares during the quarter. Seamount Financial Group Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,612,000 at the end of the most recent reporting period.

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

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

CGMS stock opened at $27.80 on Tuesday. The company has a 50 day moving average price of $27.77 and a 200 day moving average price of $27.41. 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 capitalization of $3.37 billion, a PE ratio of 10.71 and a beta of 0.40.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a dividend of $0.1306 per share. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

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.