LongView Wealth Management Has $3.53 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

LongView Wealth Management raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 127,474 shares of the company’s stock after purchasing an additional 20,001 shares during the quarter. LongView Wealth Management’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,531,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after purchasing an additional 477 shares during the period. Ashton Thomas Securities LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $53,000. Olistico Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $54,000. HHM Wealth Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $59,000. Finally, Cape Investment Advisory Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 422.7% during the third quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock worth $73,000 after buying an additional 2,126 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.7%

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.11 on Friday. The firm has a market capitalization of $4.10 billion, a P/E ratio of 10.71 and a beta of 0.34. The business has a 50-day moving average of $27.61 and a 200-day moving average of $27.70. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.1148 per share. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Friday, February 27th.

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.