Capital Group Private Client Services Inc. Decreases Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Capital Group Private Client Services Inc. reduced its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,957 shares of the company’s stock after selling 2,252 shares during the period. Capital Group Private Client Services Inc. owned 0.30% of Capital Group U.S. Multi-Sector Income ETF worth $2,154,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CGMS. LPL Financial LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 70.2% during the 4th quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock valued at $148,549,000 after purchasing an additional 2,245,608 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $40,790,000. Envestnet Asset Management Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 55.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,993,651 shares of the company’s stock worth $81,667,000 after acquiring an additional 1,068,144 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 40.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,913,313 shares of the company’s stock valued at $52,195,000 after purchasing an additional 546,392 shares during the period. Finally, Atria Investments Inc grew its stake in Capital Group U.S. Multi-Sector Income ETF by 990.3% in the fourth quarter. Atria Investments Inc now owns 434,488 shares of the company’s stock worth $11,853,000 after purchasing an additional 394,636 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1 %

CGMS opened at $26.75 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.08 and a 12-month high of $28.00. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 10.83 and a beta of 0.36. The stock has a fifty day simple moving average of $27.26 and a two-hundred day simple moving average of $27.41.

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

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

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.