Hartmann Taylor Wealth Management LLC Has $2.98 Million Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Hartmann Taylor Wealth Management LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 20.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,371 shares of the company’s stock after buying an additional 18,078 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up approximately 2.1% of Hartmann Taylor Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Hartmann Taylor Wealth Management LLC owned approximately 0.09% of Capital Group U.S. Multi-Sector Income ETF worth $2,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CGMS. Financial Perspectives Inc raised its position in Capital Group U.S. Multi-Sector Income ETF by 59.6% in the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after acquiring an additional 692 shares during the period. IFP Advisors Inc grew its position in Capital Group U.S. Multi-Sector Income ETF by 38.3% during the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after acquiring an additional 1,132 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 67.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock valued at $126,000 after acquiring an additional 1,836 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 88.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,005 shares of the company’s stock worth $138,000 after buying an additional 2,352 shares during the period. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $204,000.

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

Shares of NYSEARCA CGMS opened at $27.66 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 $3.50 billion, a P/E ratio of 10.71 and a beta of 0.34. The firm has a 50-day moving average of $27.70 and a 200 day moving average of $27.70.

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

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.1662 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Wednesday, December 24th.

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.