Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Sold by Wealth Advisors of Iowa LLC

Wealth Advisors of Iowa LLC reduced its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 16.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,918 shares of the company’s stock after selling 3,337 shares during the period. Wealth Advisors of Iowa LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of 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 during the period. Raymond James Financial Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 167.9% during the 1st quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock worth $109,344,000 after acquiring an additional 2,510,047 shares in the last quarter. Capital Advantage Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $58,232,000. CWM LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 441.9% in the 2nd quarter. CWM LLC now owns 929,285 shares of the company’s stock valued at $25,667,000 after purchasing an additional 757,795 shares in 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 Stock Performance

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.58 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The stock’s fifty day moving average is $27.78 and its two-hundred day moving average is $27.58.

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

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

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.