MGO One Seven LLC Takes $1.71 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

MGO One Seven LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 61,557 shares of the company’s stock, valued at approximately $1,708,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Lodestone Wealth Management LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 8.3% in the 3rd quarter. Lodestone Wealth Management LLC now owns 82,259 shares of the company’s stock worth $2,283,000 after purchasing an additional 6,308 shares during the period. Trilogy Capital Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% in the 3rd quarter. Trilogy Capital Inc. now owns 59,647 shares of the company’s stock valued at $1,655,000 after purchasing an additional 941 shares during the period. ORG Partners LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 29.4% in the third quarter. ORG Partners LLC now owns 9,846 shares of the company’s stock valued at $273,000 after purchasing an additional 2,236 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.7% in the third quarter. Valmark Advisers Inc. now owns 538,456 shares of the company’s stock valued at $14,942,000 after purchasing an additional 24,237 shares in the last quarter. Finally, Seamount Financial Group Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 12.1% during the third quarter. Seamount Financial Group Inc. now owns 65,442 shares of the company’s stock worth $1,816,000 after buying an additional 7,076 shares during the period.

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

NYSEARCA:CGMS opened at $27.77 on Thursday. The stock has a 50-day simple moving average of $27.68 and a 200 day simple moving average of $27.71. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.08. The company has a market cap of $4.05 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a $0.1662 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, December 24th.

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.