Kestra Investment Management LLC Buys 201,281 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Kestra Investment Management LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 294.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,641 shares of the company’s stock after purchasing an additional 201,281 shares during the quarter. Kestra Investment Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $7,447,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CGMS. Focus Partners Wealth bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at about $1,048,000. NewEdge Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% in the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after purchasing an additional 68,484 shares during the period. CLG LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,261 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% in the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after acquiring an additional 17,345 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at about $230,000.

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

CGMS stock opened at $27.46 on Tuesday. The company’s 50-day simple moving average is $27.44 and its 200 day simple moving average is $27.60. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.99 and a 52 week high of $28.08. The company has a market capitalization of $4.69 billion, a PE ratio of 10.71 and a beta of 0.30.

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

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.1148 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. 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.