NWF Advisory Services Inc. Grows Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

NWF Advisory Services Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,149 shares of the company’s stock after purchasing an additional 20,212 shares during the period. NWF Advisory Services Inc. owned approximately 0.16% of Capital Group U.S. Multi-Sector Income ETF worth $5,471,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CGMS. Sovran Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 18.5% in the 3rd quarter. Sovran Advisors LLC now owns 41,887 shares of the company’s stock worth $1,164,000 after buying an additional 6,534 shares during the period. OneAscent Financial Services LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 0.9% during the third quarter. OneAscent Financial Services LLC now owns 105,582 shares of the company’s stock valued at $2,930,000 after buying an additional 926 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 28.0% during the third quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock worth $4,328,000 after buying an additional 34,091 shares during the period. Sagespring Wealth Partners LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 56.6% in the third quarter. Sagespring Wealth Partners LLC now owns 11,592 shares of the company’s stock worth $322,000 after acquiring an additional 4,192 shares in the last quarter. Finally, Owen LaRue LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 5.0% in the 3rd quarter. Owen LaRue LLC now owns 35,480 shares of the company’s stock valued at $985,000 after acquiring an additional 1,705 shares during the period.

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

NYSEARCA:CGMS opened at $27.79 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The firm’s fifty day simple moving average is $27.70 and its 200 day simple moving average is $27.72.

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

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

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.