RFG Advisory LLC Raises Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

RFG Advisory LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 603.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 144,372 shares of the company’s stock after purchasing an additional 123,852 shares during the quarter. RFG Advisory LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CGMS. Cullen Frost Bankers Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 28.0% in the third quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock valued at $4,328,000 after acquiring an additional 34,091 shares during the period. EQ Wealth Advisors LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 8.1% during the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock worth $14,513,000 after purchasing an additional 39,319 shares during the period. Assetmark Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 13.2% in the 3rd quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock worth $8,044,000 after buying an additional 33,822 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 43.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock valued at $4,887,000 after acquiring an additional 53,998 shares in the last quarter. Finally, Blueprint Investment Partners LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $707,000.

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

CGMS stock opened at $27.57 on Thursday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. The business’s 50 day moving average price is $27.48 and its two-hundred day moving average price is $27.63. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.92 and a fifty-two week high of $28.08.

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

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.1148 per share. 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. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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

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.