Assetmark Inc. Purchases 33,822 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Assetmark Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,878 shares of the company’s stock after buying an additional 33,822 shares during the quarter. Assetmark Inc. owned approximately 0.23% of Capital Group U.S. Multi-Sector Income ETF worth $8,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Focus Partners Wealth acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth approximately $1,048,000. Stratos Wealth Partners LTD. bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $1,185,000. Signature Estate & Investment Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $794,000. Uhlmann Price Securities LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 93.5% in the second quarter. Uhlmann Price Securities LLC now owns 22,637 shares of the company’s stock worth $625,000 after purchasing an additional 10,937 shares in the last quarter. Finally, Balboa Wealth Partners grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 22.0% during the second quarter. Balboa Wealth Partners now owns 12,024 shares of the company’s stock worth $332,000 after purchasing an additional 2,172 shares during the last quarter.

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

Shares of NYSEARCA:CGMS opened at $27.79 on Tuesday. The business has a fifty day moving average of $27.71 and a 200-day moving average of $27.74. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08. The firm has a market cap of $4.20 billion, a PE ratio of 10.71 and a beta of 0.34.

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

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

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.