Capital Group U.S. Multi-Sector Income ETF $CGMS Holdings Lifted by Mascagni Wealth Management Inc.

Mascagni Wealth Management Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 67.3% in the 2nd quarter, Holdings Channel reports. The fund owned 74,162 shares of the company’s stock after purchasing an additional 29,826 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up about 1.7% of Mascagni Wealth Management Inc.’s portfolio, making the stock its 12th biggest position. Mascagni Wealth Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 13.2% in the second quarter. Commonwealth Equity Services LLC now owns 2,400,798 shares of the company’s stock worth $66,310,000 after purchasing an additional 280,078 shares in the last quarter. Fullcircle Wealth LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 3.7% during the second quarter. Fullcircle Wealth LLC now owns 130,658 shares of the company’s stock valued at $3,609,000 after purchasing an additional 4,700 shares in the last quarter. Bank of Montreal Can increased its stake in Capital Group U.S. Multi-Sector Income ETF by 18.5% in the 2nd quarter. Bank of Montreal Can now owns 9,300 shares of the company’s stock valued at $257,000 after buying an additional 1,450 shares during the period. Aurdan Capital Management LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 4.7% in the 2nd quarter. Aurdan Capital Management LLC now owns 17,571 shares of the company’s stock worth $485,000 after buying an additional 796 shares in the last quarter. Finally, Mission Wealth Management LP boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 28.9% during the 2nd quarter. Mission Wealth Management LP now owns 70,190 shares of the company’s stock valued at $1,939,000 after buying an additional 15,735 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.1%

Shares of NYSEARCA:CGMS opened at $27.55 on Thursday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. 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 business has a fifty day simple moving average of $27.83 and a 200 day simple moving average of $27.54.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were given a dividend of $0.1654 per share. The ex-dividend date of this dividend was Friday, October 31st. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 7.2%.

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