Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 28.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 155,980 shares of the company’s stock after purchasing an additional 34,091 shares during the quarter. Cullen Frost Bankers Inc. owned about 0.12% of Capital Group U.S. Multi-Sector Income ETF worth $4,328,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGMS. CWM LLC lifted its position in 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 buying an additional 757,795 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 16.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,244,651 shares of the company’s stock worth $117,237,000 after purchasing an additional 607,801 shares during the period. Cetera Investment Advisers boosted its position in Capital Group U.S. Multi-Sector Income ETF by 19.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,690,563 shares of the company’s stock worth $74,313,000 after purchasing an additional 429,051 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $11,825,000. Finally, Osaic Holdings Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 30.2% in the second quarter. Osaic Holdings Inc. now owns 1,768,762 shares of the company’s stock valued at $48,855,000 after purchasing an additional 410,734 shares during the period.

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

Shares of NYSEARCA CGMS opened at $27.77 on Monday. 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 company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The business has a 50-day moving average of $27.70 and a 200-day moving average of $27.72.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.1662 dividend. This represents a c) annualized dividend and a yield of 7.2%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, December 24th.

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