Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Sold by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC lowered its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 73.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,316 shares of the company’s stock after selling 104,261 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $979,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 16.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock worth $248,052,000 after acquiring an additional 1,259,374 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the 1st quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after acquiring an additional 646,551 shares during the last quarter. Capital Advantage Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 51.7% during the 2nd quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock valued at $103,627,000 after acquiring an additional 1,292,902 shares in the last quarter. Royal Bank of Canada raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 19.5% during the 1st quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock valued at $48,656,000 after acquiring an additional 291,066 shares in the last quarter. Finally, Valmark Advisers Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% during the 1st quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after acquiring an additional 879,055 shares in the last quarter.

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

Shares of CGMS opened at $26.50 on Friday. The business’s fifty day moving average price is $26.58 and its 200 day moving average price is $27.22. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.09 and a 12-month high of $27.86. The stock has a market capitalization of $5.63 billion, a PE ratio of 10.71 and a beta of 0.30.

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

The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a dividend of $0.1176 per share. The ex-dividend date was Friday, October 30th. This is a negative change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402. This represents a $1.41 annualized dividend and a yield of 5.3%.

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

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.