428,134 Shares in Capital Group U.S. Multi-Sector Income ETF $CGMS Acquired by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 428,134 shares of the company’s stock, valued at approximately $11,825,000. Beacon Pointe Advisors LLC owned approximately 0.39% of Capital Group U.S. Multi-Sector Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Level Four Advisory Services LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 25.0% during the second quarter. Level Four Advisory Services LLC now owns 147,583 shares of the company’s stock worth $4,076,000 after purchasing an additional 29,499 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 111.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 654,276 shares of the company’s stock worth $18,071,000 after buying an additional 344,993 shares during the period. J.W. Cole Advisors Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 8.0% during the second quarter. J.W. Cole Advisors Inc. now owns 36,137 shares of the company’s stock valued at $998,000 after buying an additional 2,678 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 7.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 20,444 shares of the company’s stock valued at $565,000 after buying an additional 1,473 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter worth about $2,356,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.71 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The firm’s 50 day simple moving average is $27.75 and its 200-day simple moving average is $27.63. The company has a market cap of $3.51 billion, a P/E ratio of 10.71 and a beta of 0.34.

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

The company also recently announced a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were paid a dividend of $0.1266 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Friday, November 28th.

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.