NewEdge Advisors LLC Purchases 77,877 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

NewEdge Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,158 shares of the company’s stock after buying an additional 77,877 shares during the quarter. NewEdge Advisors LLC owned about 0.31% of Capital Group U.S. Multi-Sector Income ETF worth $16,758,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CGMS. Burford Brothers Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.4% in the first quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock valued at $843,000 after purchasing an additional 414 shares in the last quarter. Trilogy Capital Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 1.2% during the second quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock valued at $1,092,000 after purchasing an additional 480 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 29,711 shares of the company’s stock valued at $821,000 after purchasing an additional 488 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 0.4% during the first quarter. Total Clarity Wealth Management Inc. now owns 110,996 shares of the company’s stock valued at $3,022,000 after purchasing an additional 488 shares during the last quarter. Finally, IFG Advisory LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.4% in the 4th quarter. IFG Advisory LLC now owns 21,493 shares of the company’s stock worth $594,000 after buying an additional 507 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.5%

Capital Group U.S. Multi-Sector Income ETF stock opened at $26.81 on Friday. The company’s 50-day moving average price is $27.16 and its 200-day moving average price is $27.36. The company 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 has a twelve month low of $26.80 and a twelve month high of $28.08.

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

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

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.