Clg LLC Increases Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Clg LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 44.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,441 shares of the company’s stock after purchasing an additional 23,286 shares during the quarter. Clg LLC owned 0.05% of Capital Group U.S. Multi-Sector Income ETF worth $2,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CGMS. Wayfinding Financial LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% during the third quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock valued at $2,931,000 after acquiring an additional 385 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.9% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock valued at $647,000 after acquiring an additional 432 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.6% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 29,223 shares of the company’s stock valued at $811,000 after acquiring an additional 474 shares in the last quarter. Pines Wealth Management LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.6% during the 3rd quarter. Pines Wealth Management LLC now owns 29,398 shares of the company’s stock valued at $816,000 after purchasing an additional 477 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after purchasing an additional 477 shares in the last quarter.

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

CGMS stock opened at $27.02 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The stock has a market capitalization of $4.09 billion, a P/E ratio of 10.71 and a beta of 0.34. The business has a fifty day moving average price of $27.58 and a 200-day moving average price of $27.69.

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

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

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.