ProCore Advisors LLC Purchases New Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

ProCore Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 92,101 shares of the company’s stock, valued at approximately $2,544,000. Capital Group U.S. Multi-Sector Income ETF makes up 2.6% of ProCore Advisors LLC’s portfolio, making the stock its 6th biggest position. ProCore Advisors LLC owned 0.06% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 28.0% in the third quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock valued at $4,328,000 after buying an additional 34,091 shares in the last quarter. EQ Wealth Advisors LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 8.1% in the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock valued at $14,513,000 after buying an additional 39,319 shares in the last quarter. TruWealth Advisors LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% in the third quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock valued at $20,304,000 after buying an additional 33,718 shares in the last quarter. Centennial Wealth Advisory LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 53.5% in the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock valued at $6,223,000 after buying an additional 78,204 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 13.2% in the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock valued at $8,044,000 after buying an additional 33,822 shares in the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.39 on Wednesday. The stock has a market capitalization of $4.53 billion, a PE ratio of 10.71 and a beta of 0.33. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The business has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $27.66.

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. Stockholders of record on Friday, February 27th were given a $0.1148 dividend. 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. The ex-dividend date was Friday, February 27th.

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.