Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Holdings Boosted by Citadel Advisors LLC

Citadel Advisors LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 44.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 297,020 shares of the company’s stock after purchasing an additional 91,815 shares during the quarter. Citadel Advisors LLC owned 0.15% of Capital Group U.S. Multi-Sector Income ETF worth $8,118,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Arax Advisory Partners acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $53,000. CX Institutional bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter worth about $68,000. Advisory Services Network LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth about $102,000. Finally, IFP Advisors Inc lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 14.8% in the 4th quarter. IFP Advisors Inc now owns 4,306 shares of the company’s stock valued at $119,000 after acquiring an additional 555 shares during the last quarter.

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

Shares of NYSEARCA CGMS opened at $27.00 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.94 and a twelve month high of $28.08. The firm has a 50-day moving average of $27.18 and a two-hundred day moving average of $27.38. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a dividend of $0.1595 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Friday, July 31st.

Capital Group U.S. Multi-Sector Income ETF Company 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.