Stewardship Concepts Financial Services LLC Makes New $6.29 Million Investment in Capital Group U.S. Multi-Sector Income ETF $CGMS

by · The Cerbat Gem

Stewardship Concepts Financial Services LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 227,728 shares of the company’s stock, valued at approximately $6,294,000. Capital Group U.S. Multi-Sector Income ETF makes up about 5.3% of Stewardship Concepts Financial Services LLC’s portfolio, making the stock its 8th largest holding. Stewardship Concepts Financial Services LLC owned about 0.15% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 28.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock worth $4,328,000 after purchasing an additional 34,091 shares in the last quarter. EQ Wealth Advisors LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 8.1% in the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock valued at $14,513,000 after purchasing an additional 39,319 shares in the last quarter. TruWealth Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% in the third quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock worth $20,304,000 after buying an additional 33,718 shares during the period. Centennial Wealth Advisory LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 53.5% in the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock worth $6,223,000 after buying an additional 78,204 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.2% during the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock valued at $8,044,000 after buying an additional 33,822 shares in the last quarter.

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

Shares of CGMS stock opened at $27.36 on Friday. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. 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’s fifty day simple moving average is $27.55 and its 200-day simple moving average is $27.67.

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

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.1148 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 5.0%.

About Capital Group U.S. Multi-Sector Income ETF

(Free Report)

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.

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