Capital Group U.S. Multi-Sector Income ETF $CGMS Holdings Cut by Good Life Advisors LLC

Good Life Advisors LLC cut its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 27.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,898 shares of the company’s stock after selling 8,184 shares during the quarter. Good Life Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CGMS. Tempus Wealth Planning LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 1.8% during the 2nd quarter. Tempus Wealth Planning LLC now owns 24,845 shares of the company’s stock valued at $686,000 after purchasing an additional 429 shares during the period. CAP Partners LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 2.2% in the 2nd quarter. CAP Partners LLC now owns 22,091 shares of the company’s stock valued at $610,000 after purchasing an additional 484 shares during the last quarter. PFG Advisors boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.6% during the 2nd quarter. PFG Advisors now owns 30,400 shares of the company’s stock valued at $840,000 after purchasing an additional 491 shares during the period. Cottage Street Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.4% in the second quarter. Cottage Street Advisors LLC now owns 42,928 shares of the company’s stock valued at $1,186,000 after purchasing an additional 590 shares during the period. Finally, Financial Perspectives Inc raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% during the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock valued at $51,000 after buying an additional 692 shares during the last quarter.

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

CGMS opened at $27.55 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The stock’s 50 day moving average price is $27.81 and its 200 day moving average price is $27.57. The stock has a market cap of $3.49 billion, a P/E ratio of 10.71 and a beta of 0.34.

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

The business also recently announced a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were given a $0.1654 dividend. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 7.2%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

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.