Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by Mission Wealth Management LP

Mission Wealth Management LP raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 80.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,313 shares of the company’s stock after purchasing an additional 58,832 shares during the period. Mission Wealth Management LP owned 0.09% of Capital Group U.S. Multi-Sector Income ETF worth $3,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock valued at $968,000 after purchasing an additional 373 shares during the period. Wayfinding Financial LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 0.4% during the 3rd quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock valued at $2,931,000 after purchasing an additional 385 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.9% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock valued at $647,000 after purchasing an additional 432 shares during the period. Apollon Wealth Management LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock valued at $1,501,000 after purchasing an additional 439 shares during the period. Finally, Bridgewealth Advisory Group LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 2.8% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock valued at $455,000 after purchasing an additional 445 shares during the period.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.35 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.94 and a 52-week high of $28.08. The firm has a 50-day moving average price of $27.44 and a two-hundred day moving average price of $27.61. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a dividend of $0.1148 per share. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Friday, February 27th.

About Capital Group U.S. Multi-Sector Income ETF

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.