Envestnet Portfolio Solutions Inc. Grows Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 114.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,407 shares of the company’s stock after purchasing an additional 67,501 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.49% of Capital Group U.S. Multi-Sector Income ETF worth $3,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Von Berge Wealth Management Group LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after purchasing an additional 482 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 26.6% in the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after buying an additional 551 shares during the last quarter. Barnes Pettey Financial Advisors LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 6.2% during the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock worth $317,000 after acquiring an additional 683 shares in the last quarter. CAP Partners LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 4.2% in the fourth quarter. CAP Partners LLC now owns 19,688 shares of the company’s stock valued at $537,000 after acquiring an additional 794 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock valued at $320,000 after acquiring an additional 795 shares in the last quarter.

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

Shares of CGMS stock opened at $27.52 on Thursday. The stock’s 50-day moving average is $27.46 and its two-hundred day moving average is $27.54. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.49 and a 1 year high of $28.00. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 10.88 and a beta of 0.38.

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

The company also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a dividend of $0.1089 per share. The ex-dividend date of this dividend was Friday, January 31st.

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.