Sanctuary Advisors LLC Buys 75,644 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Sanctuary Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 33.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,745 shares of the company’s stock after acquiring an additional 75,644 shares during the quarter. Sanctuary Advisors LLC owned about 0.20% of Capital Group U.S. Multi-Sector Income ETF worth $8,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 27.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock valued at $149,867,000 after buying an additional 1,155,945 shares during the period. Raymond James Financial Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the 3rd quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock valued at $120,404,000 after buying an additional 360,166 shares during the period. UBS Group AG increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 49.2% in the 3rd quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock valued at $97,817,000 after buying an additional 1,162,393 shares during the period. Commonwealth Equity Services LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 14.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,758,629 shares of the company’s stock valued at $76,552,000 after buying an additional 357,831 shares during the period. Finally, Capital Advantage Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 6.4% in the 4th quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock valued at $63,752,000 after buying an additional 138,954 shares during the period.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.64 on Wednesday. The firm has a market capitalization of $4.69 billion, a PE ratio of 10.71 and a beta of 0.33. The company’s fifty day moving average price is $27.50 and its two-hundred day moving average price is $27.64. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.88 and a 52-week 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. Shareholders of record on Friday, February 27th were issued a $0.1148 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 5.0%.

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.