Capital Group U.S. Multi-Sector Income ETF $CGMS Holdings Lifted by Balboa Wealth Partners

Balboa Wealth Partners boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 22.0% in the second quarter, Holdings Channel.com reports. The firm owned 12,024 shares of the company’s stock after purchasing an additional 2,172 shares during the period. Balboa Wealth Partners’ holdings in Capital Group U.S. Multi-Sector Income ETF were worth $332,000 as of its most recent SEC filing.

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

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.2%

CGMS opened at $27.89 on Tuesday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08. The stock has a fifty day moving average price of $27.81 and a 200 day moving average price of $27.44.

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. 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) dividend on an annualized basis and a dividend 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.