Capital Group U.S. Multi-Sector Income ETF $CGMS Stake Raised by Mission Wealth Management LP

Mission Wealth Management LP boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 80.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,313 shares of the company’s stock after acquiring an additional 58,832 shares during the quarter. Mission Wealth Management LP’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 28.0% in the third quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock worth $4,328,000 after acquiring an additional 34,091 shares in the last quarter. Blueprint Investment Partners LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth about $707,000. Assetmark Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 13.2% in the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock worth $8,044,000 after acquiring an additional 33,822 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Capital Group U.S. Multi-Sector Income ETF by 43.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock worth $4,887,000 after acquiring an additional 53,998 shares in the last quarter. Finally, Capital Advantage Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 6.4% in the fourth quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock worth $63,752,000 after acquiring an additional 138,954 shares in the last quarter.

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

NYSEARCA CGMS opened at $27.35 on Tuesday. The stock’s 50-day moving average price is $27.44 and its two-hundred day moving average price is $27.61. The company has a market cap of $4.67 billion, a PE ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.94 and a 1 year high of $28.08.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.1148 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

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.