Bond & Devick Financial Network Inc. Purchases 26,721 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Bond & Devick Financial Network Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,885 shares of the company’s stock after purchasing an additional 26,721 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises 2.2% of Bond & Devick Financial Network Inc.’s investment portfolio, making the stock its 13th biggest position. Bond & Devick Financial Network Inc. owned about 0.21% of Capital Group U.S. Multi-Sector Income ETF worth $7,323,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Financial Perspectives Inc increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% in the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after purchasing an additional 692 shares during the period. Ashton Thomas Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $53,000. HHM Wealth Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $59,000. IFP Advisors Inc raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 38.3% in the 2nd quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at about $204,000.

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

Shares of NYSEARCA CGMS opened at $27.67 on Friday. The business has a 50-day moving average of $27.70 and a 200-day moving average of $27.73. The firm has a market capitalization of $4.19 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 12 month low of $26.08 and a 12 month high of $28.08.

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

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a $0.1114 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, January 30th.

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.