Regatta Capital Group LLC Buys 767,735 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Regatta Capital Group LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6,655.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 779,270 shares of the company’s stock after acquiring an additional 767,735 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for 3.3% of Regatta Capital Group LLC’s holdings, making the stock its 8th largest position. Regatta Capital Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $21,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CGMS. Marshall & Sterling Wealth Advisors Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after purchasing an additional 477 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth $53,000. Olistico Wealth LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $54,000. HHM Wealth Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $59,000. Finally, Cape Investment Advisory Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 422.7% in the third quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock valued at $73,000 after acquiring an additional 2,126 shares in the last quarter.

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

NYSEARCA:CGMS opened at $27.11 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The firm’s 50-day simple moving average is $27.61 and its 200 day simple moving average is $27.70.

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

The firm also recently announced 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. 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 dividend yield of 5.1%. The ex-dividend date of this dividend 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.