Sunbelt Securities Inc. Buys 71,249 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Sunbelt Securities Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 30.1% during the third quarter, Holdings Channel.com reports. The firm owned 308,311 shares of the company’s stock after acquiring an additional 71,249 shares during the period. Sunbelt Securities Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $8,556,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Focus Partners Wealth bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at about $1,048,000. Bank of Montreal Can boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 18.5% in the second quarter. Bank of Montreal Can now owns 9,300 shares of the company’s stock worth $257,000 after acquiring an additional 1,450 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 41.6% in the second quarter. Avantax Advisory Services Inc. now owns 79,125 shares of the company’s stock valued at $2,185,000 after acquiring an additional 23,247 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $7,974,000. Finally, Rothschild Investment LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 10.9% during the second quarter. Rothschild Investment LLC now owns 96,350 shares of the company’s stock valued at $2,661,000 after acquiring an additional 9,500 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.4%

Shares of NYSEARCA:CGMS opened at $27.43 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08. The stock’s 50 day moving average is $27.68 and its 200-day moving average is $27.73. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.

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. Shareholders of record on Friday, February 27th were paid a dividend of $0.1148 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date was Friday, February 27th. 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.