Vicus Capital Buys 11,065 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Vicus Capital lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 298,150 shares of the company’s stock after buying an additional 11,065 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises 0.8% of Vicus Capital’s portfolio, making the stock its 26th biggest holding. Vicus Capital’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $8,139,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CGMS. Capital A Wealth Management LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $25,000. NBC Securities Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 122,900.0% in the first quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock worth $33,000 after purchasing an additional 1,229 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $59,000. GeoWealth Management LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $61,000. Finally, Larson Financial Group LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 26.6% in the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after buying an additional 551 shares during the period.

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

NYSEARCA:CGMS opened at $27.34 on Tuesday. The company has a 50-day moving average of $27.03 and a 200-day moving average of $27.27. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.00. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 10.71 and a beta of 0.35.

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

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were paid a dividend of $0.1376 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date was Friday, March 28th.

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.