OLD Mission Capital LLC Invests $4.61 Million in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

OLD Mission Capital LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 168,819 shares of the company’s stock, valued at approximately $4,605,000. OLD Mission Capital LLC owned 0.65% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $51,000. VisionPoint Advisory Group LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $59,000. Larson Financial Group LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 26.6% in the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock worth $72,000 after buying an additional 551 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $74,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $74,000.

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

Shares of NYSEARCA:CGMS opened at $27.32 on Wednesday. The business’s 50 day moving average price is $27.49 and its 200-day moving average price is $27.52. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.49 and a 1 year high of $28.00. The firm has a market capitalization of $2.49 billion, a PE ratio of 10.88 and a beta of 0.38.

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

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were paid a dividend of $0.1376 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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.