Patriot Financial Group Insurance Agency LLC Raises Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,387 shares of the company’s stock after acquiring an additional 13,173 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,877,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 165.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,088 shares of the company’s stock valued at $466,000 after acquiring an additional 10,652 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $464,000. Cottage Street Advisors LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 195.5% in the fourth quarter. Cottage Street Advisors LLC now owns 41,787 shares of the company’s stock worth $1,140,000 after buying an additional 27,648 shares during the last quarter. Thoroughbred Financial Services LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $488,000. Finally, Novem Group bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $2,595,000.

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

CGMS opened at $27.22 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.00. The firm’s 50 day simple moving average is $26.96 and its two-hundred day simple moving average is $27.29. The company has a market capitalization of $2.71 billion, a PE ratio of 10.71 and a beta of 0.35.

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

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were paid a $0.1376 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.