WESPAC Advisors LLC Grows Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

WESPAC Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 15.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,239 shares of the company’s stock after buying an additional 4,330 shares during the period. WESPAC Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth about $27,000. Calton & Associates Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth about $32,000. NBC Securities Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 122,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock worth $33,000 after buying an additional 1,229 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth about $41,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth about $85,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.82 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The firm’s 50-day simple moving average is $27.77 and its 200 day simple moving average is $27.41. The firm has a market capitalization of $3.37 billion, a PE ratio of 10.71 and a beta of 0.40.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were issued a $0.1306 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, September 29th.

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