Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Sold by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC trimmed its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 316,602 shares of the company’s stock after selling 33,493 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up 4.1% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 11th biggest holding. Main Line Retirement Advisors LLC owned approximately 0.21% of Capital Group U.S. Multi-Sector Income ETF worth $8,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CGMS. Marshall & Sterling Wealth Advisors Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 81.7% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at $53,000. Olistico Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $54,000. Finally, HHM Wealth Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at $59,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.36 on Tuesday. The firm has a market capitalization of $4.53 billion, a P/E ratio of 10.71 and a beta of 0.34. The stock has a fifty day moving average price of $27.54 and a 200 day moving average price of $27.67. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week 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 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) annualized dividend and a yield of 5.0%.

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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