Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Bought by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 145.9% in the second quarter, HoldingsChannel reports. The fund owned 146,061 shares of the company’s stock after purchasing an additional 86,654 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 1.3% of Centennial Wealth Advisory LLC’s investment portfolio, making the stock its 15th largest holding. Centennial Wealth Advisory LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $4,030,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 50.1% in the first quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock valued at $223,180,000 after acquiring an additional 2,729,762 shares during the period. Raymond James Financial Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 167.9% in the first quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock valued at $109,344,000 after acquiring an additional 2,510,047 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 21.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,636,850 shares of the company’s stock valued at $99,286,000 after acquiring an additional 643,199 shares during the period. Cetera Investment Advisers raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 25.5% during the 1st quarter. Cetera Investment Advisers now owns 2,261,512 shares of the company’s stock worth $61,739,000 after buying an additional 459,655 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 23.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,120,720 shares of the company’s stock worth $57,896,000 after buying an additional 406,566 shares during the period.

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

Shares of CGMS stock opened at $27.76 on Tuesday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40. The stock has a 50 day simple moving average of $27.76 and a 200-day simple moving average of $27.40. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08.

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

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.1306 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, September 29th.

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.