TruWealth Advisors LLC Has $21.43 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

TruWealth Advisors LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 775,869 shares of the company’s stock after buying an additional 44,204 shares during the period. TruWealth Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $21,430,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UBS Group AG increased its stake in Capital Group U.S. Multi-Sector Income ETF by 49.2% in the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock valued at $97,817,000 after acquiring an additional 1,162,393 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 27.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock worth $149,867,000 after purchasing an additional 1,155,945 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $11,825,000. Osaic Holdings Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 30.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,768,762 shares of the company’s stock valued at $48,855,000 after purchasing an additional 410,734 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 9.1% in the 3rd quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock valued at $120,404,000 after purchasing an additional 360,166 shares during the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.14 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The stock has a market capitalization of $4.11 billion, a P/E ratio of 10.71 and a beta of 0.34. The stock has a fifty day moving average of $27.65 and a 200-day moving average of $27.72.

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. The ex-dividend date of this dividend was Friday, February 27th. 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) 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.