Sanctuary Advisors LLC Has $8.42 Million Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Sanctuary Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 33.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 304,745 shares of the company’s stock after buying an additional 75,644 shares during the period. Sanctuary Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $8,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CGMS. Cullen Frost Bankers Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 28.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock valued at $4,328,000 after purchasing an additional 34,091 shares during the period. EQ Wealth Advisors LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 8.1% during the 3rd quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock valued at $14,513,000 after purchasing an additional 39,319 shares during the period. Centennial Wealth Advisory LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 53.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock valued at $6,223,000 after purchasing an additional 78,204 shares during the period. Assetmark Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 13.2% during the 3rd quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock valued at $8,044,000 after purchasing an additional 33,822 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 43.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock valued at $4,887,000 after purchasing an additional 53,998 shares during the period.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.64 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.88 and a 1 year high of $28.08. The company has a market cap of $4.69 billion, a PE ratio of 10.71 and a beta of 0.33. The company’s 50-day moving average is $27.50 and its two-hundred day moving average is $27.64.

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. Stockholders of record on Friday, February 27th were paid a $0.1148 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.