Integrity Advisory Solutions LLC Makes New $736,000 Investment in Capital Group U.S. Multi-Sector Income ETF $CGMS

Integrity Advisory Solutions LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the third quarter, HoldingsChannel reports. The institutional investor bought 26,534 shares of the company’s stock, valued at approximately $736,000.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 27.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock worth $149,867,000 after buying an additional 1,155,945 shares during the last quarter. Cetera Investment Advisers grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,690,563 shares of the company’s stock worth $74,313,000 after acquiring an additional 429,051 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth $11,825,000. Osaic Holdings Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 30.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,768,762 shares of the company’s stock valued at $48,855,000 after acquiring an additional 410,734 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 14.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,758,629 shares of the company’s stock valued at $76,552,000 after purchasing an additional 357,831 shares during the period.

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

NYSEARCA:CGMS opened at $27.55 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.08 and a 12-month high of $28.08. The stock’s fifty day simple moving average is $27.72 and its 200-day simple moving average is $27.75. The firm has a market capitalization of $4.17 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 business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.1148 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, February 27th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

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.