D.A. Davidson & CO. Boosts Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

D.A. Davidson & CO. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,710 shares of the company’s stock after purchasing an additional 18,758 shares during the period. D.A. Davidson & CO. owned 0.15% of Capital Group U.S. Multi-Sector Income ETF worth $6,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after buying an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $31,000. Ashton Thomas Securities LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $53,000. Olistico Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $54,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $59,000.

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

Shares of NYSEARCA:CGMS opened at $27.64 on Wednesday. The firm has a market capitalization of $4.69 billion, a PE ratio of 10.71 and a beta of 0.33. The company has a 50-day moving average price of $27.50 and a two-hundred day moving average price of $27.64. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.88 and a twelve month high of $28.08.

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. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 5.0%.

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.