Creative Financial Designs Inc. ADV Sells 96,123 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Creative Financial Designs Inc. ADV cut its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 28.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 239,126 shares of the company’s stock after selling 96,123 shares during the period. Creative Financial Designs Inc. ADV owned about 0.22% of Capital Group U.S. Multi-Sector Income ETF worth $6,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGMS. LPL Financial LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 50.1% during the first quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock worth $223,180,000 after buying an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 167.9% during the first quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock worth $109,344,000 after buying an additional 2,510,047 shares during the last quarter. Capital Advantage Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $58,232,000. CWM LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 441.9% during the second quarter. CWM LLC now owns 929,285 shares of the company’s stock worth $25,667,000 after buying an additional 757,795 shares during the last quarter. Finally, BlueStem Wealth Partners LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth $19,251,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3%

Shares of CGMS opened at $27.80 on Friday. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. 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 company’s fifty day simple moving average is $27.85 and its 200 day simple moving average is $27.51.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a dividend of $0.1306 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend 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.