Saiph Capital LLC Takes $2.11 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Saiph Capital LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 75,872 shares of the company’s stock, valued at approximately $2,105,000. Capital Group U.S. Multi-Sector Income ETF makes up 0.6% of Saiph Capital LLC’s holdings, making the stock its 25th largest position.

Other institutional investors also recently bought and sold shares of the company. UBS Group AG increased its position in Capital Group U.S. Multi-Sector Income ETF by 49.2% during the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after purchasing an additional 1,162,393 shares during the last quarter. Capital Group Private Client Services Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 5.0% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 428,126 shares of the company’s stock valued at $11,880,000 after purchasing an additional 20,497 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 29.2% in the 3rd quarter. Private Advisor Group LLC now owns 628,755 shares of the company’s stock worth $17,448,000 after buying an additional 141,958 shares during the period. PFG Advisors boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 27.1% during the 3rd quarter. PFG Advisors now owns 38,647 shares of the company’s stock valued at $1,072,000 after purchasing an additional 8,247 shares in the last quarter. Finally, Skyline Advisors Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 3.8% during the 3rd quarter. Skyline Advisors Inc. now owns 499,900 shares of the company’s stock valued at $13,872,000 after purchasing an additional 18,479 shares in the last quarter.

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

NYSEARCA:CGMS opened at $27.28 on Friday. 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 firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The business has a fifty day moving average price of $27.70 and a 200-day moving average price of $27.74.

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

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.1148 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly 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.