Cwm LLC Boosts Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cwm LLC grew its stake 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 929,285 shares of the company’s stock after acquiring an additional 757,795 shares during the period. Cwm LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $25,667,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 3.3% in the second quarter. Transcendent Capital Group LLC now owns 69,788 shares of the company’s stock worth $1,928,000 after purchasing an additional 2,197 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 21.6% in the second quarter. Concurrent Investment Advisors LLC now owns 188,553 shares of the company’s stock worth $5,208,000 after purchasing an additional 33,459 shares during the period. Von Berge Wealth Management Group LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% in the second quarter. Von Berge Wealth Management Group LLC now owns 63,478 shares of the company’s stock worth $1,756,000 after purchasing an additional 19,478 shares during the period. Endeavor Private Wealth Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 31.4% in the second quarter. Endeavor Private Wealth Inc. now owns 56,640 shares of the company’s stock worth $1,564,000 after purchasing an additional 13,519 shares during the period. Finally, IFP Advisors Inc increased its holdings 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 purchasing an additional 1,132 shares during the period.

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

Shares of NYSEARCA:CGMS opened at $27.64 on Monday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.08. The firm has a fifty day moving average of $27.78 and a 200 day moving average of $27.41. The firm has a market capitalization of $3.38 billion, a PE ratio of 10.71 and a beta of 0.40.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid a dividend of $0.1306 per share. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, September 29th.

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