Assetmark Inc. Has $8.04 Million Stock Holdings in 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 13.2% during the 3rd quarter, Holdings Channel reports. The fund owned 289,878 shares of the company’s stock after buying an additional 33,822 shares during the quarter. Assetmark Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $8,044,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CGMS. Envestnet Asset Management Inc. boosted its position 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 purchasing an additional 1,155,945 shares in the last quarter. Commonwealth Equity Services LLC increased its position 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 buying an additional 357,831 shares in the last quarter. Cetera Investment Advisers raised its stake 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 buying an additional 429,051 shares during the period. Capital Advantage Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 2.9% during the third quarter. Capital Advantage Inc. now owns 2,169,214 shares of the company’s stock worth $60,196,000 after acquiring an additional 60,898 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.9% during the second quarter. Great Valley Advisor Group Inc. now owns 2,150,804 shares of the company’s stock worth $59,406,000 after acquiring an additional 99,824 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%

NYSEARCA:CGMS opened at $27.79 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08. The stock has a 50-day moving average price of $27.71 and a two-hundred day moving average price of $27.74. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were given a $0.1114 dividend. The ex-dividend date 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 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.