170,208 Shares in Capital Group U.S. Multi-Sector Income ETF $CGMS Purchased by RHL Group LLC

RHL Group LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 4th quarter, Holdings Channel reports. The fund acquired 170,208 shares of the company’s stock, valued at approximately $4,701,000. Capital Group U.S. Multi-Sector Income ETF accounts for about 3.8% of RHL Group LLC’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. increased its position 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 valued at $29,000 after acquiring an additional 477 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $31,000. Olistico Wealth LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $54,000. Finally, Cape Investment Advisory Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 422.7% in the 3rd quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock worth $73,000 after acquiring an additional 2,126 shares during the last quarter.

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

Shares of NYSEARCA CGMS opened at $27.46 on Monday. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.99 and a twelve month high of $28.08. The firm has a market cap of $4.69 billion, a P/E ratio of 10.71 and a beta of 0.30. The company has a 50 day moving average of $27.44 and a 200 day moving average of $27.60.

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 $0.1148 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Friday, February 27th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

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.