Cwm LLC Has $25.67 Million Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cwm LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 441.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 929,285 shares of the company’s stock after purchasing an additional 757,795 shares during the period. Cwm LLC owned about 0.87% of Capital Group U.S. Multi-Sector Income ETF worth $25,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth about $27,000. Calton & Associates Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth approximately $32,000. ORG Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth approximately $41,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth approximately $85,000. Finally, IFP Advisors Inc lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 38.3% in the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after acquiring an additional 1,132 shares during the period.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.64 on Monday. The stock’s 50 day moving average is $27.78 and its 200 day moving average is $27.41. The firm has a market cap of $3.38 billion, a P/E ratio of 10.71 and a beta of 0.40. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08.

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

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued a $0.1306 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, September 29th.

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.