Main Line Retirement Advisors LLC Grows Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Main Line Retirement Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350,095 shares of the company’s stock after purchasing an additional 37,692 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up approximately 5.0% of Main Line Retirement Advisors LLC’s holdings, making the stock its 9th largest holding. Main Line Retirement Advisors LLC owned approximately 0.29% of Capital Group U.S. Multi-Sector Income ETF worth $9,715,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. TruWealth Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.8% during the 3rd quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock valued at $20,304,000 after acquiring an additional 33,718 shares during the period. Janney Montgomery Scott LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 19.7% in the second quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock valued at $4,030,000 after purchasing an additional 24,055 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 49.1% during the first quarter. Royal Bank of Canada now owns 764,516 shares of the company’s stock valued at $20,871,000 after purchasing an additional 251,804 shares during the period. Wellington Capital Management Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter worth approximately $2,045,000. Finally, IFP Advisors Inc increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 38.3% in the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after buying an additional 1,132 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.1%

Shares of CGMS opened at $27.68 on Tuesday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 10.71 and a beta of 0.34. 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 firm has a fifty day simple moving average of $27.70 and a two-hundred day simple moving average of $27.70.

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

The firm also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a dividend of $0.1662 per share. The ex-dividend date was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 7.2%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

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.