Hopwood Nicholas Hunter Acquires Shares of 54,043 Capital Group U.S. Multi-Sector Income ETF $CGMS

Hopwood Nicholas Hunter acquired a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) during the second quarter, HoldingsChannel reports. The fund acquired 54,043 shares of the company’s stock, valued at approximately $1,477,000.

Other institutional investors have also made changes to their positions in the company. Focus Partners Wealth acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth about $1,048,000. NewEdge Advisors LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 85.1% in the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after acquiring an additional 68,484 shares in the last quarter. CLG LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after acquiring an additional 3,261 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% during the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after purchasing an additional 17,345 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at approximately $230,000.

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

CGMS stock opened at $27.00 on Friday. The company has a 50 day moving average price of $27.19 and a 200 day moving average price of $27.38. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.94 and a fifty-two week high of $28.08. The stock has a market capitalization of $5.31 billion, a PE ratio of 10.71 and a beta of 0.29.

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

The company also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a dividend of $0.1595 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, July 31st.

Capital Group U.S. Multi-Sector Income ETF Profile

(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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