Capital Group U.S. Multi-Sector Income ETF $CGMS is Redhawk Wealth Advisors Inc.’s 5th Largest Position

Redhawk Wealth Advisors Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 607,714 shares of the company’s stock after purchasing an additional 68,573 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for about 1.9% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 5th biggest position. Redhawk Wealth Advisors Inc. owned approximately 0.42% of Capital Group U.S. Multi-Sector Income ETF worth $16,785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 28.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock valued at $4,328,000 after buying an additional 34,091 shares during the last quarter. EQ Wealth Advisors LLC grew its holdings in shares of 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 in the last quarter. TruWealth Advisors LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% during 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 lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 53.5% during the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock worth $6,223,000 after acquiring an additional 78,204 shares during the period. Finally, Assetmark Inc. boosted 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 last quarter.

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

Shares of NYSEARCA:CGMS opened at $27.04 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 company has a market capitalization of $4.09 billion, a PE ratio of 10.71 and a beta of 0.34. The business has a fifty day moving average price of $27.60 and a two-hundred day moving average price of $27.70.

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

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.1148 per share. The ex-dividend date was Friday, February 27th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 5.1%.

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.