Sunbelt Securities Inc. Purchases 71,249 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Sunbelt Securities Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 30.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,311 shares of the company’s stock after acquiring an additional 71,249 shares during the quarter. Sunbelt Securities Inc. owned approximately 0.24% of Capital Group U.S. Multi-Sector Income ETF worth $8,556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGMS. Wayfinding Financial LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 0.4% in the third 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 lifted its holdings 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 worth $647,000 after buying an additional 432 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 29,223 shares of the company’s stock worth $811,000 after buying an additional 474 shares during the period. Pines Wealth Management LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% in the 3rd quarter. Pines Wealth Management LLC now owns 29,398 shares of the company’s stock valued at $816,000 after buying an additional 477 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after buying an additional 477 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.4%

Shares of CGMS stock opened at $27.43 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The stock has a 50-day moving average of $27.68 and a 200-day moving average of $27.73.

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

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

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.