Assetmark Inc. Buys 251,104 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Assetmark Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5,070.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,056 shares of the company’s stock after purchasing an additional 251,104 shares during the quarter. Assetmark Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $7,072,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CGMS. LPL Financial LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 50.1% in the first 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 in the last quarter. Raymond James Financial Inc. increased its position 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 last quarter. Capital Advantage Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at approximately $58,232,000. CWM LLC increased its position 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 last quarter. Finally, BlueStem Wealth Partners LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at approximately $19,251,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.7%

Shares of CGMS opened at $27.61 on Monday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The stock has a 50 day moving average of $27.84 and a 200 day moving average of $27.53. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08.

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

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

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