Onyx Bridge Wealth Group LLC Has $12.53 Million Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Onyx Bridge Wealth Group LLC grew its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 15.9% in the third quarter, Holdings Channel reports. The fund owned 451,511 shares of the company’s stock after acquiring an additional 61,794 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for 1.4% of Onyx Bridge Wealth Group LLC’s portfolio, making the stock its 16th largest holding. Onyx Bridge Wealth Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $12,529,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 28.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock worth $4,328,000 after buying an additional 34,091 shares during the period. EQ Wealth Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 8.1% during the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock worth $14,513,000 after acquiring an additional 39,319 shares during the last quarter. TruWealth Advisors LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% in the third quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock worth $20,304,000 after acquiring an additional 33,718 shares during the period. Centennial Wealth Advisory LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 53.5% in the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock valued at $6,223,000 after acquiring an additional 78,204 shares during the last quarter. Finally, Entruity Wealth LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 11.4% during the 2nd quarter. Entruity Wealth LLC now owns 184,650 shares of the company’s stock valued at $5,100,000 after purchasing an additional 18,943 shares during the period.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.74 on Thursday. The firm has a market cap of $4.20 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 52-week low of $26.08 and a 52-week high of $28.08. The firm has a 50 day moving average price of $27.70 and a two-hundred day moving average price of $27.73.

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

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a $0.1114 dividend. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a yield of 4.8%.

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.