von Borstel & Associates Inc. Buys New Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

von Borstel & Associates Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 106,285 shares of the company’s stock, valued at approximately $2,937,000. von Borstel & Associates Inc. owned about 0.08% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 27.2% in the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock valued at $149,867,000 after acquiring an additional 1,155,945 shares during the last quarter. UBS Group AG boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% in the 3rd 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 in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 14.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,758,629 shares of the company’s stock worth $76,552,000 after purchasing an additional 357,831 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 19.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,690,563 shares of the company’s stock valued at $74,313,000 after purchasing an additional 429,051 shares during the last quarter. Finally, Capital Advantage Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% during the 3rd quarter. Capital Advantage Inc. now owns 2,169,214 shares of the company’s stock valued at $60,196,000 after purchasing an additional 60,898 shares during the last quarter.

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

NYSEARCA:CGMS opened at $27.21 on Friday. The business has a 50 day moving average of $27.69 and a 200 day moving average of $27.73. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.1148 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, February 27th. This is a positive change 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.