54,043 Shares in Capital Group U.S. Multi-Sector Income ETF $CGMS Bought by Hopwood Nicholas Hunter

Hopwood Nicholas Hunter bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 54,043 shares of the company’s stock, valued at approximately $1,477,000.

A number of other hedge funds also recently bought and sold shares of CGMS. Focus Partners Wealth acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $1,048,000. NewEdge Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% during the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after acquiring an additional 68,484 shares in the last quarter. CLG LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the 2nd quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,261 shares during the period. Benjamin Edwards Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 4.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after buying an additional 17,345 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at $230,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.00 on Friday. The stock has a fifty day moving average price of $27.19 and a two-hundred day moving average price of $27.38. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.94 and a 52-week high of $28.08. The firm has a market capitalization of $5.31 billion, a P/E ratio of 10.71 and a beta of 0.29.

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

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were issued a $0.1595 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, July 31st. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14.

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.