Prime Capital Investment Advisors LLC decreased its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 27.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,890 shares of the company’s stock after selling 18,928 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,335,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vicus Capital raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 42.3% during the first quarter. Vicus Capital now owns 497,504 shares of the company’s stock worth $13,547,000 after acquiring an additional 148,007 shares in the last quarter. Seamount Financial Group Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 50.6% during the first quarter. Seamount Financial Group Inc. now owns 104,556 shares of the company’s stock valued at $2,847,000 after purchasing an additional 35,142 shares during the last quarter. Citadel Advisors LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 44.7% during the second quarter. Citadel Advisors LLC now owns 297,020 shares of the company’s stock valued at $8,118,000 after purchasing an additional 91,815 shares during the last quarter. Capital Advantage Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 51.7% during the second quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock valued at $103,627,000 after purchasing an additional 1,292,902 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 8.0% during the second quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock valued at $31,068,000 after purchasing an additional 84,470 shares during the last quarter.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of NYSEARCA CGMS opened at $26.49 on Friday. The business’s 50-day moving average price is $26.73 and its two-hundred day moving average price is $27.16. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.09 and a one year high of $27.99. The company has a market capitalization of $5.50 billion, a P/E ratio of 10.71 and a beta of 0.30.
Capital Group U.S. Multi-Sector Income ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.1402 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.68 annualized dividend and a dividend yield of 6.4%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297.
Capital Group U.S. Multi-Sector Income ETF 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.
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