WESPAC Advisors LLC Grows Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

WESPAC Advisors LLC raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 15.5% during the second quarter, Holdings Channel.com reports. The firm owned 32,239 shares of the company’s stock after buying an additional 4,330 shares during the period. WESPAC Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at about $27,000. Calton & Associates Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $32,000. NBC Securities Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 122,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock valued at $33,000 after acquiring an additional 1,229 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $41,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $85,000.

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

NYSEARCA CGMS opened at $27.82 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The company has a 50-day moving average of $27.77 and a 200-day moving average of $27.41. The company has a market cap of $3.37 billion, a P/E ratio of 10.71 and a beta of 0.40.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid a dividend of $0.1306 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

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.