Capital Group U.S. Multi-Sector Income ETF $CGMS Position Boosted by Harbour Investments Inc.

Harbour Investments Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,796 shares of the company’s stock after buying an additional 46,278 shares during the quarter. Harbour Investments Inc. owned about 0.19% of Capital Group U.S. Multi-Sector Income ETF worth $8,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGMS. Focus Partners Wealth acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at approximately $1,048,000. NewEdge Advisors LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 85.1% during the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after buying an additional 68,484 shares in the last quarter. CLG LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 7.4% during the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after buying an additional 3,261 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 4.6% during the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after buying an additional 17,345 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at approximately $230,000.

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

Shares of NYSEARCA CGMS opened at $27.46 on Tuesday. The stock’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $27.60. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.99 and a 52-week high of $28.08. The stock has a market capitalization of $4.69 billion, a P/E ratio of 10.71 and a beta of 0.30.

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

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

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.