Uhlmann Price Securities LLC Acquires 10,937 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Uhlmann Price Securities LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 93.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 22,637 shares of the company’s stock after purchasing an additional 10,937 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $625,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CGMS. LPL Financial LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 50.1% in the 1st quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock valued at $223,180,000 after purchasing an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 167.9% during 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. Capital Advantage Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at $58,232,000. CWM LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 441.9% during the second quarter. CWM LLC now owns 929,285 shares of the company’s stock valued at $25,667,000 after acquiring an additional 757,795 shares during the period. Finally, BlueStem Wealth Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at $19,251,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1%

Shares of CGMS opened at $27.83 on Monday. 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 firm has a market capitalization of $3.41 billion, a PE ratio of 10.71 and a beta of 0.40. The stock’s fifty day simple moving average is $27.80 and its 200-day simple moving average is $27.43.

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

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were 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 was 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.