Capital Analysts LLC Acquires 26,051 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Capital Analysts LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 149.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,462 shares of the company’s stock after acquiring an additional 26,051 shares during the period. Capital Analysts LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,188,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Arax Advisory Partners bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $53,000. CX Institutional bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at $68,000. Advisory Services Network LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth about $102,000. Finally, IFP Advisors Inc raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 14.8% in the fourth quarter. IFP Advisors Inc now owns 4,306 shares of the company’s stock valued at $119,000 after acquiring an additional 555 shares during the last quarter.

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

Shares of NYSEARCA:CGMS opened at $26.81 on Friday. The business has a fifty day moving average of $27.16 and a 200-day moving average of $27.36. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.80 and a twelve month high of $28.08. The firm has a market cap of $5.27 billion, a PE ratio of 10.71 and a beta of 0.29.

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

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a dividend of $0.1595 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Friday, July 31st. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14.

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.