Mariner LLC Acquires 388,643 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Mariner LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 130.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 686,781 shares of the company’s stock after acquiring an additional 388,643 shares during the quarter. Mariner LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $18,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Entruity Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $4,195,000. Raymond James Financial Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $40,790,000. Advisory Services Network LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 92.4% in the fourth quarter. Advisory Services Network LLC now owns 21,400 shares of the company’s stock worth $584,000 after purchasing an additional 10,275 shares during the period. Bank of Montreal Can boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 20.2% during the fourth quarter. Bank of Montreal Can now owns 5,650 shares of the company’s stock worth $154,000 after buying an additional 950 shares in the last quarter. Finally, Wedbush Securities Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 51.0% in the 4th quarter. Wedbush Securities Inc. now owns 30,792 shares of the company’s stock valued at $840,000 after buying an additional 10,400 shares during the period.

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

Shares of CGMS stock opened at $26.72 on Thursday. The firm has a fifty day moving average of $27.29 and a 200-day moving average of $27.42. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.00. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 10.83 and a beta of 0.36.

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

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were paid a dividend of $0.1376 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date was Friday, March 28th.

Capital Group U.S. Multi-Sector Income ETF Company 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.