Private Advisor Group LLC Grows Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Private Advisor Group LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,755 shares of the company’s stock after acquiring an additional 141,958 shares during the period. Private Advisor Group LLC owned about 0.50% of Capital Group U.S. Multi-Sector Income ETF worth $17,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealthcare Advisory Partners LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.9% in the third quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock worth $647,000 after purchasing an additional 432 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% during the third quarter. Signature Estate & Investment Advisors LLC now owns 29,223 shares of the company’s stock worth $811,000 after purchasing an additional 474 shares during the period. Pines Wealth Management LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% during the third quarter. Pines Wealth Management LLC now owns 29,398 shares of the company’s stock worth $816,000 after purchasing an additional 477 shares during the period. Marshall & Sterling Wealth Advisors Inc. lifted its position 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 buying an additional 477 shares during the last quarter. Finally, PFG Advisors lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% in the 2nd quarter. PFG Advisors now owns 30,400 shares of the company’s stock worth $840,000 after buying an additional 491 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.2%

Shares of NYSEARCA:CGMS opened at $27.51 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The firm has a 50-day simple moving average of $27.71 and a 200 day simple moving average of $27.74. The company has a market cap of $4.16 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.1148 dividend. The ex-dividend date was Friday, February 27th. This is an increase 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 5.0%.

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