NewEdge Advisors LLC Buys 77,877 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

NewEdge Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 613,158 shares of the company’s stock after buying an additional 77,877 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $16,758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CGMS. IFP Advisors Inc lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.8% in the 2nd quarter. IFP Advisors Inc now owns 6,341 shares of the company’s stock worth $173,000 after acquiring an additional 1,963 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock valued at $31,068,000 after purchasing an additional 84,470 shares during the last quarter. Waverly Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth about $25,993,000. Capital & Planning LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 39.6% in the 2nd quarter. Capital & Planning LLC now owns 21,662 shares of the company’s stock worth $592,000 after purchasing an additional 6,148 shares during the period. Finally, Citadel Advisors LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 44.7% in the 2nd quarter. Citadel Advisors LLC now owns 297,020 shares of the company’s stock worth $8,118,000 after purchasing an additional 91,815 shares during the period.

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

Shares of NYSEARCA:CGMS opened at $26.81 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.80 and a 1 year high of $28.08. The business has a 50 day simple moving average of $27.16 and a two-hundred day simple moving average of $27.36. The firm has a market capitalization of $5.27 billion, a PE ratio of 10.71 and a beta of 0.29.

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

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

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.