J.W. Cole Advisors Inc. Has $998,000 Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

J.W. Cole Advisors Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 8.0% in the second quarter, HoldingsChannel reports. The fund owned 36,137 shares of the company’s stock after buying an additional 2,678 shares during the period. J.W. Cole Advisors Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CGMS. CWM LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 323.0% during the 1st quarter. CWM LLC now owns 171,490 shares of the company’s stock valued at $4,682,000 after acquiring an additional 130,953 shares during the last quarter. Sigma Planning Corp grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 23.1% during the first quarter. Sigma Planning Corp now owns 19,373 shares of the company’s stock valued at $529,000 after purchasing an additional 3,637 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 17.2% during the first quarter. Cullen Frost Bankers Inc. now owns 94,607 shares of the company’s stock worth $2,583,000 after purchasing an additional 13,893 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 35.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 209,923 shares of the company’s stock worth $5,731,000 after buying an additional 55,350 shares during the period. Finally, Private Advisor Group LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 32.6% during the 1st quarter. Private Advisor Group LLC now owns 519,202 shares of the company’s stock worth $14,174,000 after buying an additional 127,756 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.3%

NYSEARCA:CGMS opened at $27.71 on Wednesday. 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 cap of $3.51 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The stock has a 50-day moving average price of $27.82 and a two-hundred day moving average price of $27.56.

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

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

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.