Onyx Bridge Wealth Group LLC Has $12.53 Million Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Onyx Bridge Wealth Group LLC raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 15.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 451,511 shares of the company’s stock after buying an additional 61,794 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises about 1.4% of Onyx Bridge Wealth Group LLC’s portfolio, making the stock its 16th largest position. Onyx Bridge Wealth Group LLC owned about 0.36% of Capital Group U.S. Multi-Sector Income ETF worth $12,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Perspectives Inc boosted its position in shares of 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 acquiring an additional 692 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $53,000. HHM Wealth Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $59,000. IFP Advisors Inc raised its holdings in shares of 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 in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth $205,000.

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

NYSEARCA:CGMS opened at $27.74 on Thursday. 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 stock’s 50-day simple moving average is $27.70 and its 200 day simple moving average is $27.73. The firm has a market capitalization 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 declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a dividend of $0.1114 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.8%.

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.