Citadel Advisors LLC Has $8.12 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Citadel Advisors LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 44.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 297,020 shares of the company’s stock after acquiring an additional 91,815 shares during the quarter. Citadel Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $8,118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the 4th quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after buying an additional 3,616,255 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock worth $149,281,000 after buying an additional 1,658,572 shares during the period. UBS Group AG boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% in the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after buying an additional 1,162,393 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% in the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock worth $41,546,000 after buying an additional 879,055 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% in the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after acquiring an additional 863,369 shares in the last quarter.

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

CGMS stock opened at $27.00 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.94 and a 52-week high of $28.08. The company’s 50 day simple moving average is $27.18 and its 200-day simple moving average is $27.38. The firm has a market capitalization of $5.31 billion, a P/E ratio of 10.71 and a beta of 0.29.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a dividend of $0.1595 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, July 31st. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14.

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.