Centennial Wealth Advisory LLC Acquires 78,204 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Centennial Wealth Advisory LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 53.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 224,265 shares of the company’s stock after buying an additional 78,204 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up 1.7% of Centennial Wealth Advisory LLC’s holdings, making the stock its 14th biggest holding. Centennial Wealth Advisory LLC owned approximately 0.18% of Capital Group U.S. Multi-Sector Income ETF worth $6,223,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Comerica Bank boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 8.7% in the 1st quarter. Comerica Bank now owns 12,442 shares of the company’s stock valued at $340,000 after purchasing an additional 991 shares in the last quarter. Royal Bank of Canada lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 49.1% in the 1st quarter. Royal Bank of Canada now owns 764,516 shares of the company’s stock valued at $20,871,000 after purchasing an additional 251,804 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 27.4% in the 1st quarter. NewEdge Advisors LLC now owns 80,481 shares of the company’s stock valued at $2,197,000 after purchasing an additional 17,288 shares during the last quarter. Kestra Investment Management LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 110.7% in the first quarter. Kestra Investment Management LLC now owns 48,886 shares of the company’s stock valued at $1,335,000 after buying an additional 25,687 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 125.9% during the first quarter. Jane Street Group LLC now owns 592,433 shares of the company’s stock worth $16,173,000 after buying an additional 330,130 shares during the last quarter.

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

Shares of NYSEARCA:CGMS opened at $27.63 on Monday. The company has a fifty day moving average of $27.68 and a 200-day moving average of $27.71. The company has a market capitalization of $3.93 billion, a PE ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.08.

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

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.1662 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

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