Capital Group U.S. Multi-Sector Income ETF $CGMS is Entruity Wealth LLC’s 8th Largest Position

Entruity Wealth LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 184,650 shares of the company’s stock after acquiring an additional 18,943 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for about 4.3% of Entruity Wealth LLC’s holdings, making the stock its 8th biggest position. Entruity Wealth LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $5,100,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CGMS. Lodestone Wealth Management LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 0.8% in the second quarter. Lodestone Wealth Management LLC now owns 75,951 shares of the company’s stock valued at $2,098,000 after purchasing an additional 609 shares during the last quarter. Perennial Investment Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 58.2% during the 2nd quarter. Perennial Investment Advisors LLC now owns 82,144 shares of the company’s stock valued at $2,269,000 after acquiring an additional 30,235 shares during the last quarter. Inspire Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.0% during the 2nd quarter. Inspire Advisors LLC now owns 57,332 shares of the company’s stock valued at $1,584,000 after acquiring an additional 1,102 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 10.9% during the 2nd quarter. Rothschild Investment LLC now owns 96,350 shares of the company’s stock worth $2,661,000 after acquiring an additional 9,500 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter worth approximately $7,974,000.

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

Shares of CGMS stock opened at $27.65 on Friday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The company has a 50 day moving average price of $27.77 and a 200 day moving average price of $27.59. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were issued a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Friday, October 31st. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

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.