Schuylkill Financial LLC Takes $3.40 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Schuylkill Financial LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 124,391 shares of the company’s stock, valued at approximately $3,400,000. Capital Group U.S. Multi-Sector Income ETF makes up 3.1% of Schuylkill Financial LLC’s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors have also recently bought and sold shares of CGMS. Focus Partners Wealth bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at $1,048,000. NewEdge Advisors LLC increased its stake in shares of 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 buying an additional 68,484 shares during the period. CLG LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% during 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. raised 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 acquiring an additional 17,345 shares during the last quarter. Finally, IHT Wealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at $230,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.0%

Shares of CGMS opened at $27.00 on Friday. The stock’s fifty day simple moving average is $27.19 and its 200-day simple moving average is $27.38. The firm 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 has a 12-month low of $26.94 and a 12-month high of $28.08.

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

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

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