Waverly Advisors LLC Purchases New Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Waverly Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 951,076 shares of the company’s stock, valued at approximately $25,993,000.

Other hedge funds have also made changes to their positions in the company. Capital & Planning LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 39.6% in the second quarter. Capital & Planning LLC now owns 21,662 shares of the company’s stock worth $592,000 after purchasing an additional 6,148 shares during the period. Citadel Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 44.7% in the 2nd 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 period. Ameritas Advisory Services LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at about $1,301,000. Kintra Wealth LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 33.0% during the 2nd quarter. Kintra Wealth LLC now owns 70,537 shares of the company’s stock worth $1,920,000 after purchasing an additional 17,499 shares in the last quarter. Finally, Endeavor Private Wealth Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 4.8% during the second quarter. Endeavor Private Wealth Inc. now owns 73,348 shares of the company’s stock worth $2,005,000 after buying an additional 3,384 shares in the last quarter.

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

NYSEARCA CGMS opened at $26.99 on Wednesday. The company’s 50-day simple moving average is $27.17 and its 200 day simple moving average is $27.37. The stock has a market cap of $5.31 billion, a P/E ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.94 and a twelve month high of $28.08.

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

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

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.

See Also

Want to see what other hedge funds are holding CGMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report).

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

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