LongView Wealth Management Buys 20,001 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

LongView Wealth Management lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,474 shares of the company’s stock after purchasing an additional 20,001 shares during the period. LongView Wealth Management owned approximately 0.09% of Capital Group U.S. Multi-Sector Income ETF worth $3,531,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 28.0% during the third quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock worth $4,328,000 after acquiring an additional 34,091 shares during the last quarter. EQ Wealth Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.1% in the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock valued at $14,513,000 after acquiring an additional 39,319 shares during the last quarter. TruWealth Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.8% in the third quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock valued at $20,304,000 after acquiring an additional 33,718 shares during the last quarter. Centennial Wealth Advisory LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 53.5% in the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock worth $6,223,000 after purchasing an additional 78,204 shares during the period. Finally, Assetmark Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 13.2% in the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock worth $8,044,000 after purchasing an additional 33,822 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.7%

Shares of NYSEARCA:CGMS opened at $27.11 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The stock has a market capitalization of $4.10 billion, a P/E ratio of 10.71 and a beta of 0.34. The business has a 50-day moving average price of $27.61 and a two-hundred day moving average price of $27.70.

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 dividend of $0.1148 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend 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.