Cadent Capital Advisors LLC Makes New Investment in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cadent Capital Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 107,055 shares of the company’s stock, valued at approximately $2,808,000. Cadent Capital Advisors LLC owned approximately 0.05% of Capital Group U.S. Multi-Sector Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in CGMS. Sunbelt Securities Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 39.8% during the fourth quarter. Sunbelt Securities Inc. now owns 430,923 shares of the company’s stock worth $11,902,000 after buying an additional 122,612 shares during the period. Vicus Capital grew its position in Capital Group U.S. Multi-Sector Income ETF by 42.3% in the first quarter. Vicus Capital now owns 497,504 shares of the company’s stock valued at $13,547,000 after acquiring an additional 148,007 shares in the last quarter. Clear Trail Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at approximately $9,727,000. Seamount Financial Group Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 50.6% in the 1st quarter. Seamount Financial Group Inc. now owns 104,556 shares of the company’s stock worth $2,847,000 after buying an additional 35,142 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock valued at $31,068,000 after buying an additional 84,470 shares during the last quarter.

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

Shares of CGMS stock traded up $0.01 during mid-day trading on Friday, reaching $26.36. 548,450 shares of the company were exchanged, compared to its average volume of 1,076,388. The company has a market capitalization of $5.41 billion, a P/E ratio of 10.71 and a beta of 0.30. The business’s 50 day simple moving average is $26.88 and its 200 day simple moving average is $27.22. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.09 and a fifty-two week high of $27.99.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.1402 per share. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297. This represents a $1.68 annualized dividend and a yield of 6.4%.

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.