Capital Advantage Inc. Buys 1,292,902 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Capital Advantage Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 51.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,791,682 shares of the company’s stock after purchasing an additional 1,292,902 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises 12.7% of Capital Advantage Inc.’s portfolio, making the stock its largest position. Capital Advantage Inc. owned about 1.93% of Capital Group U.S. Multi-Sector Income ETF worth $103,627,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 4.4% during the second quarter. Integrated Wealth Concepts LLC now owns 412,825 shares of the company’s stock worth $11,283,000 after purchasing an additional 17,316 shares during the period. RFG Advisory LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 35.3% during the 2nd quarter. RFG Advisory LLC now owns 30,705 shares of the company’s stock valued at $839,000 after buying an additional 8,017 shares during the period. NewEdge Advisors LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 14.5% during the 2nd quarter. NewEdge Advisors LLC now owns 613,158 shares of the company’s stock valued at $16,758,000 after buying an additional 77,877 shares during the period. IFP Advisors Inc increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.8% during the 2nd quarter. IFP Advisors Inc now owns 6,341 shares of the company’s stock worth $173,000 after buying an additional 1,963 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 8.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock worth $31,068,000 after buying an additional 84,470 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.0%

Shares of CGMS opened at $26.99 on Wednesday. The firm has a market capitalization of $5.31 billion, a P/E ratio of 10.71 and a beta of 0.29. The stock’s fifty day simple moving average is $27.17 and its 200 day simple moving average is $27.37. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.94 and a twelve month high of $28.08.

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

The company also recently declared a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were paid a dividend of $0.1595 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, July 31st.

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.