International Assets Investment Management LLC Takes Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

International Assets Investment Management LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 47,325 shares of the company’s stock, valued at approximately $1,307,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CGMS. Bogart Wealth LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at approximately $53,000. Finally, Olistico Wealth LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $54,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.57 on Friday. The company’s 50 day simple moving average is $27.47 and its 200-day simple moving average is $27.63. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.94 and a 1 year high of $28.08.

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

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a dividend of $0.1148 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

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.