von Borstel & Associates Inc. Purchases Shares of 106,285 Capital Group U.S. Multi-Sector Income ETF $CGMS

von Borstel & Associates Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 106,285 shares of the company’s stock, valued at approximately $2,937,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in 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 acquiring an additional 477 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $53,000. HHM Wealth Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth approximately $59,000. Financial Perspectives Inc increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 142.7% in the third quarter. Financial Perspectives Inc now owns 4,498 shares of the company’s stock worth $125,000 after buying an additional 2,645 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $205,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.3%

Shares of CGMS opened at $27.21 on Friday. The stock has a market capitalization of $4.12 billion, a P/E ratio of 10.71 and a beta of 0.34. The firm has a fifty day simple moving average of $27.69 and a two-hundred day simple moving average of $27.73. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08.

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

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

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.