Wedbush Securities Inc. Makes New Investment in Capital Group U.S. Multi-Sector Income ETF $CGMS

Wedbush Securities Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 71,295 shares of the company’s stock, valued at approximately $1,870,000.

Several other institutional investors have also recently bought and sold shares of the business. Capital Advantage Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 51.7% in the second quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock worth $103,627,000 after purchasing an additional 1,292,902 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 16.1% in the second quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock valued at $248,052,000 after buying an additional 1,259,374 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at $25,993,000. Valmark Advisers Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% in the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after buying an additional 879,055 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after buying an additional 646,551 shares during the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $26.42 on Monday. The stock has a 50-day simple moving average of $26.71 and a 200 day simple moving average of $27.16. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.09 and a 12-month high of $27.99.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.1402 dividend. This represents a $1.68 annualized dividend and a yield of 6.4%. The ex-dividend date was Tuesday, September 29th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297.

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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