Daymark Wealth Partners LLC Increases Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Daymark Wealth Partners LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 16.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,954 shares of the company’s stock after buying an additional 3,835 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Great Valley Advisor Group Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth $46,477,000. Cetera Investment Advisers raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 185.8% in the second quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock valued at $24,632,000 after acquiring an additional 594,834 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 58.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after acquiring an additional 479,500 shares during the period. DeDora Capital Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth about $11,885,000. Finally, Stifel Financial Corp increased its position in Capital Group U.S. Multi-Sector Income ETF by 453.4% during the 3rd quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock valued at $13,859,000 after purchasing an additional 407,858 shares during the period.

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

Shares of CGMS opened at $27.42 on Friday. The company has a 50 day moving average price of $27.43 and a 200-day moving average price of $27.51. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.49 and a fifty-two week high of $28.00.

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

The business also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.127 per share. The ex-dividend date was Friday, November 29th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.