Apollon Wealth Management LLC Sells 3,850 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Apollon Wealth Management LLC trimmed its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,424 shares of the company’s stock after selling 3,850 shares during the period. Apollon Wealth Management LLC owned 0.05% of Capital Group U.S. Multi-Sector Income ETF worth $1,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 50.1% in the first quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock valued at $223,180,000 after purchasing an additional 2,729,762 shares in the last quarter. Raymond James Financial Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 167.9% in the first quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock valued at $109,344,000 after purchasing an additional 2,510,047 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 21.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,636,850 shares of the company’s stock valued at $99,286,000 after purchasing an additional 643,199 shares in the last quarter. Cetera Investment Advisers increased its stake in Capital Group U.S. Multi-Sector Income ETF by 25.5% in the first quarter. Cetera Investment Advisers now owns 2,261,512 shares of the company’s stock valued at $61,739,000 after purchasing an additional 459,655 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 23.7% in the first quarter. Commonwealth Equity Services LLC now owns 2,120,720 shares of the company’s stock valued at $57,896,000 after purchasing an additional 406,566 shares in the last quarter.

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

Shares of NYSEARCA:CGMS opened at $27.77 on Tuesday. 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 company has a market capitalization of $3.39 billion, a PE ratio of 10.71 and a beta of 0.40. The company has a 50 day moving average price of $27.79 and a two-hundred day moving average price of $27.42.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a $0.1306 dividend. This represents a c) annualized dividend and a yield of 5.6%. 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.