Daymark Wealth Partners LLC Invests $234,000 in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Daymark Wealth Partners LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the second quarter, HoldingsChannel.com reports. The firm acquired 8,687 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGMS. Benjamin F. Edwards & Company Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 24.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 220,822 shares of the company’s stock valued at $5,944,000 after purchasing an additional 43,555 shares during the last quarter. Total Clarity Wealth Management Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 47.1% in the second quarter. Total Clarity Wealth Management Inc. now owns 132,032 shares of the company’s stock worth $3,554,000 after purchasing an additional 42,287 shares during the period. Inspire Advisors LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 6.0% during the second quarter. Inspire Advisors LLC now owns 43,576 shares of the company’s stock worth $1,173,000 after purchasing an additional 2,454 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 201.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock worth $38,418,000 after purchasing an additional 953,285 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 43.2% in the 2nd quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock valued at $51,005,000 after buying an additional 571,611 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.2 %

Shares of NYSEARCA CGMS opened at $27.84 on Friday. The stock has a 50 day moving average price of $27.60 and a 200 day moving average price of $27.19. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $25.00 and a 52-week high of $28.00.

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

The firm also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 27th will be given a $0.1076 dividend. The ex-dividend date of this dividend is 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.