Assetmark Inc. Decreases Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Assetmark Inc. cut its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 67.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,419 shares of the company’s stock after selling 194,459 shares during the period. Assetmark Inc. owned about 0.06% of Capital Group U.S. Multi-Sector Income ETF worth $2,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after buying an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $53,000. Olistico Wealth LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $54,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at $59,000.

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

NYSEARCA CGMS opened at $27.72 on Monday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 10.71 and a beta of 0.33. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.64 and a 12 month high of $28.08. The company’s fifty day moving average price is $27.52 and its two-hundred day moving average price is $27.65.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.1148 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.