Global Retirement Partners LLC Boosts Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Global Retirement Partners LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) by 20.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,447 shares of the company’s stock after buying an additional 21,081 shares during the quarter. Global Retirement Partners LLC owned about 0.08% of Capital Group U.S. Multi-Sector Income ETF worth $3,437,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after buying 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 during the 4th quarter valued at about $31,000. Olistico Wealth LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $54,000. Finally, Cape Investment Advisory Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 422.7% during the 3rd quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock valued at $73,000 after buying an additional 2,126 shares in the last quarter.

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

CGMS stock opened at $27.46 on Friday. The firm has a market capitalization of $4.69 billion, a PE ratio of 10.71 and a beta of 0.30. 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 stock has a 50-day simple moving average of $27.44 and a two-hundred day simple moving average of $27.60.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.1148 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th. This is a boost 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

(Free Report)

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.

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Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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