Prospera Financial Services Inc Has $14.52 Million Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Prospera Financial Services Inc cut its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 0.7% in the second quarter, HoldingsChannel reports. The fund owned 525,656 shares of the company’s stock after selling 3,532 shares during the period. Prospera Financial Services Inc’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $14,519,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Burford Brothers Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 13.0% during the 1st quarter. Burford Brothers Inc. now owns 35,116 shares of the company’s stock worth $959,000 after buying an additional 4,053 shares in the last quarter. Seamount Financial Group Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 25.2% in the 1st quarter. Seamount Financial Group Inc. now owns 56,106 shares of the company’s stock valued at $1,532,000 after buying an additional 11,281 shares during the period. WESPAC Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 28.8% during the first quarter. WESPAC Advisors LLC now owns 27,909 shares of the company’s stock worth $762,000 after acquiring an additional 6,237 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 98.8% during the first quarter. Gateway Wealth Partners LLC now owns 14,745 shares of the company’s stock valued at $403,000 after acquiring an additional 7,329 shares during the period. Finally, CWM LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 323.0% in the first quarter. CWM LLC now owns 171,490 shares of the company’s stock valued at $4,682,000 after acquiring an additional 130,953 shares during the last quarter.

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

Shares of CGMS stock opened at $27.58 on Friday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The stock has a 50-day moving average price of $27.82 and a 200 day moving average price of $27.55.

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

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were paid a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Friday, October 31st.

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.