Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 28.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 155,980 shares of the company’s stock after buying an additional 34,091 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $4,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGMS. Sagespring Wealth Partners LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 56.6% during the third quarter. Sagespring Wealth Partners LLC now owns 11,592 shares of the company’s stock valued at $322,000 after acquiring an additional 4,192 shares in the last quarter. Owen LaRue LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 5.0% in the third quarter. Owen LaRue LLC now owns 35,480 shares of the company’s stock valued at $985,000 after purchasing an additional 1,705 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at approximately $4,435,000. Envestnet Portfolio Solutions Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 97.5% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 97,206 shares of the company’s stock valued at $2,697,000 after purchasing an additional 47,983 shares in the last quarter. Finally, Oak Hill Wealth Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 106.0% during the 3rd quarter. Oak Hill Wealth Advisors LLC now owns 105,338 shares of the company’s stock worth $2,923,000 after purchasing an additional 54,215 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.0%

Shares of CGMS opened at $27.77 on Monday. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The business’s 50 day moving average is $27.70 and its two-hundred day moving average is $27.72. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.08.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1662 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

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.