Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Acquired by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 106.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,338 shares of the company’s stock after purchasing an additional 54,215 shares during the period. Oak Hill Wealth Advisors LLC owned about 0.08% of Capital Group U.S. Multi-Sector Income ETF worth $2,923,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGMS. Element Wealth LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 9.3% in the third quarter. Element Wealth LLC now owns 54,658 shares of the company’s stock worth $1,517,000 after acquiring an additional 4,636 shares during the last quarter. HHM Wealth Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $59,000. Inspire Advisors LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 11.4% in the 3rd quarter. Inspire Advisors LLC now owns 63,874 shares of the company’s stock valued at $1,773,000 after purchasing an additional 6,542 shares in the last quarter. Confluence Wealth Services Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.0% during the 3rd quarter. Confluence Wealth Services Inc. now owns 221,178 shares of the company’s stock worth $6,138,000 after purchasing an additional 4,429 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 3.6% during the third quarter. Nations Financial Group Inc. IA ADV now owns 34,663 shares of the company’s stock worth $962,000 after buying an additional 1,198 shares in the last quarter.

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

NYSEARCA:CGMS opened at $27.76 on Friday. The firm has a market cap of $4.09 billion, a PE ratio of 10.71 and a beta of 0.34. The firm has a 50 day simple moving average of $27.69 and a 200-day simple moving average of $27.72. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08.

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

The firm also recently declared a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1662 per share. The ex-dividend date of this dividend was Wednesday, December 24th. 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.

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

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.