Bond & Devick Financial Network Inc. Has $8.05 Million Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Bond & Devick Financial Network Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 291,412 shares of the company’s stock after purchasing an additional 27,527 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for 2.3% of Bond & Devick Financial Network Inc.’s investment portfolio, making the stock its 12th biggest holding. Bond & Devick Financial Network Inc. owned about 0.20% of Capital Group U.S. Multi-Sector Income ETF worth $8,049,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Focus Partners Wealth purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $1,048,000. Steward Partners Investment Advisory LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 7.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 20,444 shares of the company’s stock worth $565,000 after buying an additional 1,473 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $18,071,000 after buying an additional 344,993 shares during the period. Level Four Advisory Services LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 25.0% during the 2nd quarter. Level Four Advisory Services LLC now owns 147,583 shares of the company’s stock valued at $4,076,000 after acquiring an additional 29,499 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at $11,825,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3%

Shares of NYSEARCA:CGMS opened at $27.04 on Friday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. 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 business has a fifty day simple moving average of $27.60 and a 200 day simple moving average of $27.70.

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 5.1%.

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.