RHL Group LLC Invests $4.70 Million in Capital Group U.S. Multi-Sector Income ETF $CGMS

RHL Group LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 170,208 shares of the company’s stock, valued at approximately $4,701,000. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 3.8% of RHL Group LLC’s investment portfolio, making the stock its 5th largest holding. RHL Group LLC owned 0.11% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 81.7% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $31,000. Olistico Wealth LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $54,000. Finally, Cape Investment Advisory Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 422.7% during the third quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock valued at $73,000 after purchasing an additional 2,126 shares in the last quarter.

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

Shares of NYSEARCA CGMS opened at $27.46 on Monday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.99 and a fifty-two week high of $28.08. The company has a 50 day simple moving average of $27.44 and a two-hundred day simple moving average of $27.60. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30.

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

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.1148 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th.

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.