Assetmark Inc. Acquires 251,104 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Assetmark Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5,070.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 256,056 shares of the company’s stock after buying an additional 251,104 shares during the quarter. Assetmark Inc. owned about 0.24% of Capital Group U.S. Multi-Sector Income ETF worth $7,072,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CGMS. PNC Financial Services Group Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth approximately $27,000. Calton & Associates Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth approximately $32,000. Financial Perspectives Inc raised its stake in Capital Group U.S. Multi-Sector Income ETF by 59.6% during the 2nd quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after buying an additional 692 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth approximately $85,000. Finally, IFP Advisors Inc raised its stake in Capital Group U.S. Multi-Sector Income ETF by 38.3% during the 2nd quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after buying an additional 1,132 shares during the period.

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

CGMS stock opened at $27.61 on Monday. The stock’s 50 day simple moving average is $27.84 and its 200 day simple moving average is $27.53. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The company has a market cap of $3.50 billion, a P/E ratio of 10.71 and a beta of 0.34.

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

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 31st will be paid a dividend of $0.1654 per share. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 7.2%.

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

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.