Capital Group U.S. Multi-Sector Income ETF $CGMS Stake Lifted by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.7% in the fourth quarter, Holdings Channel reports. The fund owned 607,714 shares of the company’s stock after acquiring an additional 68,573 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for about 1.9% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 5th largest position. Redhawk Wealth Advisors Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $16,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CGMS. Marshall & Sterling Wealth Advisors Inc. raised its holdings 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 worth $29,000 after purchasing an additional 477 shares during the period. Ashton Thomas Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at $53,000. Olistico Wealth LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $54,000. HHM Wealth Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $59,000. Finally, Cape Investment Advisory Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 422.7% in 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 Price Performance

Shares of CGMS opened at $27.04 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08. The stock’s fifty day moving average price is $27.60 and its two-hundred day moving average price is $27.70. The firm has a market cap of $4.09 billion, a PE ratio of 10.71 and a beta of 0.34.

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 paid a $0.1148 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.1%. 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.