Thayer Financial L.L.C. Invests $7.34 Million in Capital Group U.S. Multi-Sector Income ETF $CGMS

Thayer Financial L.L.C. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 265,864 shares of the company’s stock, valued at approximately $7,343,000. Capital Group U.S. Multi-Sector Income ETF comprises about 7.8% of Thayer Financial L.L.C.’s holdings, making the stock its 5th largest position. Thayer Financial L.L.C. owned 0.18% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CGMS. Marshall & Sterling Wealth Advisors Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $53,000. HHM Wealth Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $59,000. Cape Investment Advisory Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 422.7% during the third quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock worth $73,000 after purchasing an additional 2,126 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth approximately $102,000.

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

Shares of CGMS opened at $27.21 on Wednesday. The firm has a market cap of $4.12 billion, a PE ratio of 10.71 and a beta of 0.34. 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 business’s 50 day moving average price is $27.63 and its two-hundred day moving average price is $27.71.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.1148 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

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.