Global Retirement Partners LLC Raises Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Global Retirement Partners LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 20.4% in the 4th quarter, Holdings Channel reports. The firm owned 124,447 shares of the company’s stock after acquiring an additional 21,081 shares during the period. Global Retirement Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CGMS. UBS Group AG grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% during the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after purchasing an additional 1,162,393 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 27.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock worth $149,867,000 after purchasing an additional 1,155,945 shares in the last quarter. Regatta Capital Group LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 6,655.7% during the fourth quarter. Regatta Capital Group LLC now owns 779,270 shares of the company’s stock worth $21,523,000 after purchasing an additional 767,735 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 9.1% during the third quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock worth $120,404,000 after purchasing an additional 360,166 shares in the last quarter. Finally, Thayer Financial L.L.C. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $7,343,000.

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

Shares of NYSEARCA CGMS opened at $27.46 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.99 and a 12 month high of $28.08. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. The business has a 50-day moving average of $27.44 and a 200-day moving average of $27.60.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.1148 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 5.0%.

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.