Scott Capital Advisors LLC Grows Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Scott Capital Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 207.4% in the fourth quarter, Holdings Channel reports. The fund owned 55,977 shares of the company’s stock after purchasing an additional 37,770 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises 0.3% of Scott Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Scott Capital Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,546,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CGMS. Focus Partners Wealth bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $1,048,000. Global Retirement Partners LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter worth approximately $2,356,000. Steward Partners Investment Advisory LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 7.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 20,444 shares of the company’s stock valued at $565,000 after buying an additional 1,473 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 111.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 654,276 shares of the company’s stock valued at $18,071,000 after buying an additional 344,993 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 25.0% during the second quarter. Level Four Advisory Services LLC now owns 147,583 shares of the company’s stock valued at $4,076,000 after buying an additional 29,499 shares during the last quarter.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.21 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 company’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $27.71. The stock has a market capitalization of $4.12 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.1148 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

Capital Group U.S. Multi-Sector Income ETF Company 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.