UBS Group AG Purchases 888,212 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

UBS Group AG boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) by 25.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,413,157 shares of the company’s stock after purchasing an additional 888,212 shares during the quarter. UBS Group AG owned about 2.96% of Capital Group U.S. Multi-Sector Income ETF worth $121,891,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 81.7% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $53,000. Olistico Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $54,000. Finally, HHM Wealth Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $59,000.

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

CGMS opened at $27.49 on Friday. The business has a fifty day simple moving average of $27.49 and a 200 day simple moving average of $27.64. The company has a market capitalization of $4.70 billion, a PE ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.88 and a 1 year high of $28.08.

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

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

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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