Diversify Advisory Services LLC Purchases Shares of 20,843 Capital Group U.S. Multi-Sector Income ETF $CGMS

Diversify Advisory Services LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,843 shares of the company’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 28.0% during the third quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock valued at $4,328,000 after buying an additional 34,091 shares during the period. EQ Wealth Advisors LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 8.1% during the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock valued at $14,513,000 after buying an additional 39,319 shares during the period. TruWealth Advisors LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% during the third quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock valued at $20,304,000 after buying an additional 33,718 shares during the period. Centennial Wealth Advisory LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 53.5% during the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock valued at $6,223,000 after buying an additional 78,204 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 13.2% during the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock valued at $8,044,000 after buying an additional 33,822 shares during the period.

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

Shares of CGMS opened at $27.67 on Wednesday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 10.71 and a beta of 0.33. The company’s 50 day simple moving average is $27.52 and its 200 day simple moving average is $27.65. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.63 and a 1 year high of $28.08.

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

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.1148 per share. This represents a c) annualized dividend and a yield of 5.0%. This is a positive change 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.

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.