Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Position Raised by Harbour Investments Inc.

Harbour Investments Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 18.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 293,796 shares of the company’s stock after purchasing an additional 46,278 shares during the quarter. Harbour Investments Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $8,115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. MSH Capital Advisors LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 6.9% during the 4th quarter. MSH Capital Advisors LLC now owns 24,369 shares of the company’s stock valued at $673,000 after buying an additional 1,574 shares during the last quarter. RHL Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $4,701,000. Cvfg LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $217,000. Signature Estate & Investment Advisors LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 1.7% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 29,711 shares of the company’s stock worth $821,000 after purchasing an additional 488 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 20.4% in the 4th quarter. Global Retirement Partners LLC now owns 124,447 shares of the company’s stock worth $3,437,000 after purchasing an additional 21,081 shares during the last quarter.

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

NYSEARCA CGMS opened at $27.46 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.99 and a 52 week high of $28.08. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. The company has a 50-day moving average price of $27.44 and a two-hundred day moving average price of $27.60.

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

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a $0.1148 dividend. This is a positive change 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) annualized dividend and a yield of 5.0%.

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