Wedbush Securities Inc. Purchases 71,295 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Wedbush Securities Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 71,295 shares of the company’s stock, valued at approximately $1,870,000.

Several other hedge funds have also recently bought and sold shares of the stock. Kachkovsky & Fisher Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.0% during the 3rd quarter. Kachkovsky & Fisher Inc. now owns 41,729 shares of the company’s stock worth $1,095,000 after purchasing an additional 809 shares in the last quarter. Seamount Financial Group Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 18.4% during the 3rd quarter. Seamount Financial Group Inc. now owns 115,435 shares of the company’s stock valued at $3,028,000 after purchasing an additional 17,943 shares during the last quarter. LCW Services LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 5.5% during the 3rd quarter. LCW Services LLC now owns 210,700 shares of the company’s stock valued at $5,527,000 after purchasing an additional 10,917 shares during the last quarter. Schuylkill Financial LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.1% during the 3rd quarter. Schuylkill Financial LLC now owns 129,526 shares of the company’s stock valued at $3,397,000 after purchasing an additional 5,135 shares during the last quarter. Finally, Fifth Third Securities Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $489,000.

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

NYSEARCA:CGMS opened at $26.42 on Monday. The firm has a market cap of $5.53 billion, a PE ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.09 and a 12 month high of $27.99. The company’s 50-day moving average price is $26.71 and its two-hundred day moving average price is $27.16.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.1402 per share. The ex-dividend date of this dividend 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 dividend 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.