Markowski Investments Makes New $12.88 Million Investment in Capital Group U.S. Multi-Sector Income ETF $CGMS

Markowski Investments acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 471,323 shares of the company’s stock, valued at approximately $12,881,000. Capital Group U.S. Multi-Sector Income ETF makes up approximately 2.8% of Markowski Investments’ holdings, making the stock its 11th largest position.

Several other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock valued at $424,432,000 after acquiring an additional 3,616,255 shares during the last quarter. Morgan Stanley lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 2.8% during the fourth quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock worth $185,035,000 after purchasing an additional 183,781 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 44.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock worth $149,281,000 after purchasing an additional 1,658,572 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% in the 4th quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock valued at $143,686,000 after purchasing an additional 863,369 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the 1st quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after purchasing an additional 646,551 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.0%

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.00 on Friday. The stock has a market cap of $5.31 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.94 and a 12-month high of $28.08. The business’s 50-day moving average price is $27.19 and its two-hundred day moving average price is $27.38.

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

The company also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a $0.1595 dividend. This represents a c) dividend on an annualized basis 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.