227,728 Shares in Capital Group U.S. Multi-Sector Income ETF $CGMS Acquired by Stewardship Concepts Financial Services LLC

Stewardship Concepts Financial Services LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 227,728 shares of the company’s stock, valued at approximately $6,294,000. Capital Group U.S. Multi-Sector Income ETF makes up about 5.3% of Stewardship Concepts Financial Services LLC’s investment portfolio, making the stock its 8th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. boosted its stake in shares of 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 valued at $4,328,000 after buying an additional 34,091 shares during the period. EQ Wealth Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 8.1% in 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 increased 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 last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 53.5% during the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock worth $6,223,000 after acquiring an additional 78,204 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.2% during the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock worth $8,044,000 after acquiring an additional 33,822 shares in the last quarter.

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

CGMS opened at $27.36 on Friday. The stock has a fifty day moving average price of $27.55 and a 200 day moving average price of $27.67. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.

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

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.1148 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CGMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report).

Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Receive News & Ratings for Capital Group U.S. Multi-Sector Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group U.S. Multi-Sector Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.