Winch Advisory Services LLC Has $20.48 Million Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Winch Advisory Services LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 741,436 shares of the company’s stock after purchasing an additional 8,542 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises about 5.0% of Winch Advisory Services LLC’s portfolio, making the stock its 7th biggest position. Winch Advisory Services LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $20,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CWM LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 323.0% in the first quarter. CWM LLC now owns 171,490 shares of the company’s stock worth $4,682,000 after purchasing an additional 130,953 shares in the last quarter. Transcendent Capital Group LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 14.0% in the 1st quarter. Transcendent Capital Group LLC now owns 67,591 shares of the company’s stock valued at $1,845,000 after acquiring an additional 8,326 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 23.1% during the 1st quarter. Sigma Planning Corp now owns 19,373 shares of the company’s stock valued at $529,000 after acquiring an additional 3,637 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 17.2% in the first quarter. Cullen Frost Bankers Inc. now owns 94,607 shares of the company’s stock worth $2,583,000 after purchasing an additional 13,893 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 35.8% in the first quarter. Kingsview Wealth Management LLC now owns 209,923 shares of the company’s stock valued at $5,731,000 after purchasing an additional 55,350 shares in the last quarter.

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

Shares of CGMS opened at $27.64 on Tuesday. The stock has a 50-day moving average of $27.82 and a 200-day moving average of $27.56. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The company has a market cap of $3.50 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were paid a dividend of $0.1654 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 7.2%.

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.