Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,668,564 shares of the company’s stock after selling 156,982 shares during the period. Wealth Enhancement Advisory Services LLC owned about 1.33% of Capital Group U.S. Multi-Sector Income ETF worth $46,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGMS. Focus Partners Wealth purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at $1,048,000. Farther Finance Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 174.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,244 shares of the company’s stock worth $228,000 after purchasing an additional 5,244 shares during the last quarter. Sowell Financial Services LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 140.6% in the 2nd quarter. Sowell Financial Services LLC now owns 112,270 shares of the company’s stock valued at $3,101,000 after buying an additional 65,600 shares in the last quarter. Main Line Retirement Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.5% in the 2nd quarter. Main Line Retirement Advisors LLC now owns 312,403 shares of the company’s stock worth $8,629,000 after buying an additional 13,507 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in Capital Group U.S. Multi-Sector Income ETF by 67.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock worth $126,000 after buying an additional 1,836 shares in the last quarter.

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

Shares of NYSEARCA:CGMS traded down $0.10 during trading on Tuesday, reaching $27.63. The stock had a trading volume of 106,270 shares, compared to its average volume of 1,058,368. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The stock has a market cap of $4.06 billion, a PE ratio of 10.71 and a beta of 0.34. The business has a fifty day moving average price of $27.69 and a 200-day moving average price of $27.72.

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

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.1662 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

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.