ProCore Advisors LLC Makes New $2.54 Million Investment in Capital Group U.S. Multi-Sector Income ETF $CGMS

ProCore Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 92,101 shares of the company’s stock, valued at approximately $2,544,000. Capital Group U.S. Multi-Sector Income ETF makes up about 2.6% of ProCore Advisors LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $31,000. Sowell Financial Services LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 11.1% in the 4th quarter. Sowell Financial Services LLC now owns 131,812 shares of the company’s stock valued at $3,641,000 after purchasing an additional 13,151 shares during the last quarter. Stewardship Concepts Financial Services LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $6,294,000. Sovran Advisors LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 12.2% in the 4th quarter. Sovran Advisors LLC now owns 47,001 shares of the company’s stock valued at $1,305,000 after purchasing an additional 5,114 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 43.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock valued at $4,887,000 after purchasing an additional 53,998 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.1%

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.39 on Wednesday. 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 business’s fifty day simple moving average is $27.53 and its 200-day simple moving average is $27.66. The firm has a market cap of $4.53 billion, a PE ratio of 10.71 and a beta of 0.33.

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

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