Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Bought by Thayer Financial L.L.C.

Thayer Financial L.L.C. boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 290,946 shares of the company’s stock after acquiring an additional 32,318 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up about 7.0% of Thayer Financial L.L.C.’s portfolio, making the stock its 4th largest position. Thayer Financial L.L.C.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $7,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GK Wealth Management LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth approximately $52,000. CX Institutional bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $68,000. TD Waterhouse Canada Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $71,000. Olistico Wealth LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 47.6% in the third quarter. Olistico Wealth LLC now owns 3,230 shares of the company’s stock valued at $85,000 after buying an additional 1,042 shares during the period. Finally, Allied Private Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $124,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.1%

CGMS opened at $26.36 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.09 and a 12-month high of $27.99. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. The business has a 50 day moving average of $26.76 and a 200-day moving average of $27.17.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a dividend of $0.1402 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297.

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.