Capital Advantage Inc. Has $63.75 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Capital Advantage Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,308,168 shares of the company’s stock after acquiring an additional 138,954 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up 8.6% of Capital Advantage Inc.’s portfolio, making the stock its 2nd largest holding. Capital Advantage Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $63,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 27.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock valued at $149,867,000 after purchasing an additional 1,155,945 shares during the last quarter. Raymond James Financial Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the 3rd quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock worth $120,404,000 after purchasing an additional 360,166 shares during the last quarter. UBS Group AG grew its position in Capital Group U.S. Multi-Sector Income ETF by 49.2% in the 3rd quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after purchasing an additional 1,162,393 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 14.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,758,629 shares of the company’s stock worth $76,552,000 after purchasing an additional 357,831 shares during the period. Finally, Great Valley Advisor Group Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,150,804 shares of the company’s stock worth $59,406,000 after purchasing an additional 99,824 shares during the period.

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

Shares of CGMS opened at $27.14 on Friday. The company has a 50-day simple moving average of $27.65 and a 200-day simple moving average of $27.72. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The firm has a market capitalization of $4.11 billion, a P/E ratio of 10.71 and a beta of 0.34.

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

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a dividend of $0.1148 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, February 27th.

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.