Stratos Wealth Partners LTD. Buys 53,998 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Stratos Wealth Partners LTD. raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 43.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,954 shares of the company’s stock after purchasing an additional 53,998 shares during the period. Stratos Wealth Partners LTD. owned 0.12% of Capital Group U.S. Multi-Sector Income ETF worth $4,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGMS. Envestnet Asset Management Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 27.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock valued at $149,867,000 after buying an additional 1,155,945 shares during the period. Raymond James Financial Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the 3rd quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock worth $120,404,000 after buying an additional 360,166 shares during the period. UBS Group AG boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 49.2% in the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after acquiring an additional 1,162,393 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 14.9% in the third quarter. Commonwealth Equity Services LLC now owns 2,758,629 shares of the company’s stock worth $76,552,000 after acquiring an additional 357,831 shares in the last quarter. Finally, Capital Advantage Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 6.4% in the fourth quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock valued at $63,752,000 after acquiring an additional 138,954 shares during the period.

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

NYSEARCA CGMS opened at $27.36 on Monday. The company has a market cap of $4.53 billion, a price-to-earnings 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. The business has a 50 day moving average price of $27.55 and a 200-day moving average price of $27.67.

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

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.1148 dividend. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

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.