Bouvel Investment Partners LLC Grows Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Bouvel Investment Partners LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 216,376 shares of the company’s stock after buying an additional 435 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up approximately 2.2% of Bouvel Investment Partners LLC’s portfolio, making the stock its 9th biggest position. Bouvel Investment Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $6,024,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CGMS. LPL Financial LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 43.2% in the second quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock worth $51,005,000 after purchasing an additional 571,611 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 26.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,531,827 shares of the company’s stock valued at $42,646,000 after buying an additional 320,620 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock worth $38,418,000 after acquiring an additional 953,285 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 58.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after acquiring an additional 479,500 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 185.8% in the second quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after purchasing an additional 594,834 shares during the period.

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

Shares of NYSEARCA CGMS opened at $27.42 on Thursday. The company has a 50 day simple moving average of $27.67 and a two-hundred day simple moving average of $27.36. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.86 and a fifty-two week high of $28.00.

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

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were given a dividend of $0.1076 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.