Opal Wealth Advisors LLC Takes Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Opal Wealth Advisors LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,277 shares of the company’s stock, valued at approximately $199,000.

Several other institutional investors have also modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 70.2% during the 4th quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock valued at $148,549,000 after purchasing an additional 2,245,608 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 55.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,993,651 shares of the company’s stock valued at $81,667,000 after purchasing an additional 1,068,144 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 22.5% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,045,489 shares of the company’s stock valued at $55,801,000 after purchasing an additional 376,054 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 40.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,913,313 shares of the company’s stock valued at $52,195,000 after purchasing an additional 546,392 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,818,245 shares of the company’s stock valued at $49,638,000 after purchasing an additional 219,940 shares in the last quarter.

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

NYSEARCA:CGMS opened at $27.31 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.00. The stock has a market capitalization of $2.72 billion, a PE ratio of 10.71 and a beta of 0.35. The business’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $27.28.

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

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were paid a $0.1376 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, March 28th.

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.