Kestra Investment Management LLC Purchases 201,281 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Kestra Investment Management LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 294.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,641 shares of the company’s stock after acquiring an additional 201,281 shares during the quarter. Kestra Investment Management LLC owned 0.18% of Capital Group U.S. Multi-Sector Income ETF worth $7,447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGMS. Bogart Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $27,000. Marshall & Sterling Wealth Advisors Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $31,000. Olistico Wealth LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $54,000. Finally, Cape Investment Advisory Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 422.7% in the third quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock valued at $73,000 after purchasing an additional 2,126 shares during the period.

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

Shares of CGMS opened at $27.46 on Tuesday. The firm has a market capitalization of $4.69 billion, a PE ratio of 10.71 and a beta of 0.30. The company’s 50-day moving average is $27.44 and its 200-day moving average is $27.60. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.99 and a fifty-two week high of $28.08.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a $0.1148 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a boost 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.