TrueWealth Financial Partners Purchases New Shares in Capital Group U.S. Multi-Sector Income ETF $CGMS

TrueWealth Financial Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 4th quarter, HoldingsChannel reports. The fund acquired 27,135 shares of the company’s stock, valued at approximately $749,000.

Several other hedge funds have also added to or reduced their stakes in CGMS. Bogart Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. raised its position 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 worth $29,000 after acquiring an additional 477 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $31,000. Ashton Thomas Securities LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth about $53,000. Finally, Olistico Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $54,000.

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

Shares of CGMS stock opened at $27.49 on Thursday. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.94 and a 52 week high of $28.08. The firm’s 50-day simple moving average is $27.45 and its two-hundred day simple moving average is $27.62.

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. Stockholders of record on Friday, February 27th were paid a $0.1148 dividend. The ex-dividend date was Friday, February 27th. This is a positive change 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 5.0%.

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.