Capital Advantage Inc. Purchases 138,954 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Capital Advantage Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,308,168 shares of the company’s stock after purchasing an additional 138,954 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for about 8.6% of Capital Advantage Inc.’s investment portfolio, making the stock its 2nd largest position. Capital Advantage Inc. owned approximately 1.62% of Capital Group U.S. Multi-Sector Income ETF worth $63,752,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. increased its holdings in 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 worth $29,000 after buying an additional 477 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $53,000. HHM Wealth Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $59,000. Cape Investment Advisory Inc. lifted its stake in 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 acquiring an additional 2,126 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth approximately $102,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.8%

Shares of CGMS opened at $27.14 on Friday. The company’s fifty day moving average is $27.65 and its 200-day moving average is $27.72. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.1148 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Friday, February 27th.

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.