Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 186.6% in the 3rd quarter, Holdings Channel reports. The fund owned 122,956 shares of the company’s stock after purchasing an additional 80,052 shares during the period. Stratos Wealth Partners LTD.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,412,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signature Estate & Investment Advisors LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 29,223 shares of the company’s stock valued at $811,000 after purchasing an additional 474 shares during the last quarter. Pines Wealth Management LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% during the 3rd quarter. Pines Wealth Management LLC now owns 29,398 shares of the company’s stock worth $816,000 after acquiring an additional 477 shares in the last quarter. CAP Partners LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 2.2% during the 2nd quarter. CAP Partners LLC now owns 22,091 shares of the company’s stock valued at $610,000 after acquiring an additional 484 shares during the last quarter. PFG Advisors increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% during the 2nd quarter. PFG Advisors now owns 30,400 shares of the company’s stock valued at $840,000 after acquiring an additional 491 shares during the last quarter. Finally, Cottage Street Advisors LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.4% in the 2nd quarter. Cottage Street Advisors LLC now owns 42,928 shares of the company’s stock valued at $1,186,000 after acquiring an additional 590 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.1%

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.79 on Friday. The stock has a 50 day moving average price of $27.71 and a two-hundred day moving average price of $27.74. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.08 and a 12-month high of $28.08. The stock has a market capitalization of $4.20 billion, a P/E ratio of 10.71 and a beta of 0.34.

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

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were paid a $0.1114 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, January 30th.

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.