Capital Advantage Inc. Acquires 1,292,902 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Capital Advantage Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 51.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,791,682 shares of the company’s stock after buying an additional 1,292,902 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for 12.7% of Capital Advantage Inc.’s portfolio, making the stock its largest position. Capital Advantage Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $103,627,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Arax Advisory Partners acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $53,000. CX Institutional acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $68,000. Advisory Services Network LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $102,000. Finally, IFP Advisors Inc raised its position in Capital Group U.S. Multi-Sector Income ETF by 14.8% in the fourth quarter. IFP Advisors Inc now owns 4,306 shares of the company’s stock valued at $119,000 after purchasing an additional 555 shares during the period.

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

Shares of CGMS opened at $26.99 on Wednesday. The stock’s 50-day moving average is $27.17 and its two-hundred day moving average is $27.37. The stock has a market cap of $5.31 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.94 and a 12 month high of $28.08.

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

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a dividend of $0.1595 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Friday, July 31st. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14.

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.