SK Wealth Management LLC Has $2.49 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

SK Wealth Management LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 78.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 89,766 shares of the company’s stock after purchasing an additional 39,341 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up approximately 0.7% of SK Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. SK Wealth Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,493,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 28.0% during the third quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock valued at $4,328,000 after purchasing an additional 34,091 shares in the last quarter. EQ Wealth Advisors LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 8.1% during the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock valued at $14,513,000 after purchasing an additional 39,319 shares in the last quarter. Centennial Wealth Advisory LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 53.5% during the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock valued at $6,223,000 after purchasing an additional 78,204 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 13.2% during the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock valued at $8,044,000 after purchasing an additional 33,822 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 43.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock valued at $4,887,000 after purchasing an additional 53,998 shares in the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.64 on Tuesday. The stock’s 50 day moving average is $27.51 and its 200 day moving average is $27.64. The firm has a market cap of $4.68 billion, a P/E ratio of 10.71 and a beta of 0.33. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.88 and a one year high of $28.08.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.1148 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th.

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.