Geneos Wealth Management Inc. Raises Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Geneos Wealth Management Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 391.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,425 shares of the company’s stock after acquiring an additional 12,285 shares during the period. Geneos Wealth Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $421,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CGMS. Snowden Capital Advisors LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 44.5% during the fourth quarter. Snowden Capital Advisors LLC now owns 17,833 shares of the company’s stock worth $486,000 after acquiring an additional 5,492 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 17.6% during the fourth quarter. Continuum Advisory LLC now owns 13,376 shares of the company’s stock worth $365,000 after acquiring an additional 2,003 shares during the last quarter. Novem Group purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $2,595,000. Sunbelt Securities Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $6,439,000. Finally, Aurdan Capital Management LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $404,000.

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

Shares of CGMS stock opened at $27.91 on Monday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.00. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40. The stock’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $27.36.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 29th were given a $0.1371 dividend. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

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.