Capital Group U.S. Multi-Sector Income ETF $CGMS is Carmel Capital Partners LLC’s 7th Largest Position

Carmel Capital Partners LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,493 shares of the company’s stock after purchasing an additional 17,327 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 2.1% of Carmel Capital Partners LLC’s portfolio, making the stock its 7th largest position. Carmel Capital Partners LLC owned approximately 0.20% of Capital Group U.S. Multi-Sector Income ETF worth $5,952,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth $27,000. Calton & Associates Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at $32,000. ORG Partners LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at $41,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at $85,000. Finally, IFP Advisors Inc lifted its position in Capital Group U.S. Multi-Sector Income ETF by 38.3% in the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after acquiring an additional 1,132 shares during the last quarter.

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

Shares of CGMS opened at $27.83 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year 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 has a fifty day moving average price of $27.80 and a 200 day moving average price of $27.43.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors 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) dividend on an annualized basis and a yield of 5.6%.

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.