UBS Group AG Has $121.89 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

UBS Group AG raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) by 25.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,413,157 shares of the company’s stock after buying an additional 888,212 shares during the quarter. UBS Group AG’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $121,891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 33.0% in the 4th quarter. Sanctuary Advisors LLC now owns 304,745 shares of the company’s stock valued at $8,417,000 after acquiring an additional 75,644 shares in the last quarter. Live Oak Investment Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $222,000. Concurrent Investment Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 92.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 457,239 shares of the company’s stock valued at $12,629,000 after acquiring an additional 220,265 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 29.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,463 shares of the company’s stock valued at $289,000 after acquiring an additional 2,358 shares in the last quarter. Finally, Schmidt P J Investment Management Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 7.2% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 36,955 shares of the company’s stock valued at $1,021,000 after acquiring an additional 2,498 shares in the last quarter.

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

Shares of NYSEARCA:CGMS opened at $27.49 on Friday. The company’s 50 day simple moving average is $27.49 and its 200 day simple moving average is $27.64. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.88 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 Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.1148 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, February 27th. This is a positive change 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

(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.

Further Reading

Want to see what other hedge funds are holding CGMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report).

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

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