Capital Group U.S. Multi-Sector Income ETF $CGMS Stock: Commonwealth Equity Services LLC Reduces Stake

Commonwealth Equity Services LLC lowered its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 78.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,153,812 shares of the company’s stock after selling 11,379,006 shares during the period. Commonwealth Equity Services LLC owned 1.49% of Capital Group U.S. Multi-Sector Income ETF worth $82,724,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CGMS. Compass Financial Management LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 3.7% in the third quarter. Compass Financial Management LLC now owns 120,153 shares of the company’s stock valued at $3,152,000 after buying an additional 4,246 shares during the period. Signature Equity Partners LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4,586.8% in the third quarter. Signature Equity Partners LLC now owns 24,231 shares of the company’s stock worth $636,000 after acquiring an additional 23,714 shares during the period. Security Financial Services INC. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.0% in the third quarter. Security Financial Services INC. now owns 18,815 shares of the company’s stock worth $494,000 after acquiring an additional 725 shares during the period. BNB Wealth Management LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.4% in the third quarter. BNB Wealth Management LLC now owns 300,195 shares of the company’s stock valued at $7,874,000 after acquiring an additional 4,036 shares during the last quarter. Finally, Blueprint Investment Partners LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 10.4% in the third quarter. Blueprint Investment Partners LLC now owns 46,021 shares of the company’s stock valued at $1,207,000 after acquiring an additional 4,348 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1%

Capital Group U.S. Multi-Sector Income ETF stock traded down $0.03 during trading hours on Friday, reaching $26.50. 1,397,463 shares of the company’s stock were exchanged, compared to its average volume of 1,107,017. The firm has a market capitalization of $5.63 billion, a PE ratio of 10.71 and a beta of 0.30. The firm’s 50 day simple moving average is $26.58 and its 200 day simple moving average is $27.22. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.09 and a twelve month high of $27.86.

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

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a $0.1176 dividend. The ex-dividend date of this dividend was Friday, October 30th. This is a decrease from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402. This represents a $1.41 dividend on an annualized basis and a yield of 5.3%.

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.