Waverly Advisors LLC Purchases New Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Waverly Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 951,076 shares of the company’s stock, valued at approximately $25,993,000. Waverly Advisors LLC owned 0.48% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arax Advisory Partners bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $53,000. CX Institutional bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth $68,000. Advisory Services Network LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $102,000. Finally, IFP Advisors Inc increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 14.8% in the 4th quarter. IFP Advisors Inc now owns 4,306 shares of the company’s stock worth $119,000 after acquiring an additional 555 shares during the period.

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

CGMS opened at $26.99 on Wednesday. The stock’s 50 day moving average price is $27.17 and its 200 day moving average price is $27.37. The stock has a market cap 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 has a 12 month low of $26.94 and a 12 month high of $28.08.

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

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

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

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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