Cambridge Investment Research Advisors Inc. Grows Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cambridge Investment Research Advisors Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,447,206 shares of the company’s stock after acquiring an additional 79,511 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $39,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Nations Financial Group Inc. IA ADV lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.1% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock worth $968,000 after purchasing an additional 373 shares in the last quarter. Wayfinding Financial LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 0.4% in the 3rd quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock worth $2,931,000 after purchasing an additional 385 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.9% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock worth $647,000 after purchasing an additional 432 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 0.8% in the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after purchasing an additional 439 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 2.8% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after purchasing an additional 445 shares in the last quarter.

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

CGMS opened at $27.35 on Monday. The company’s 50 day simple moving average is $27.45 and its two-hundred day simple moving average is $27.61. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.94 and a 1-year high of $28.08. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30.

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. Shareholders 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%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend 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.