Commonwealth Equity Services LLC decreased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 78.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,153,812 shares of the company’s stock after selling 11,379,006 shares during the period. Commonwealth Equity Services LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $82,724,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trilogy Capital Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.2% during the 2nd quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock valued at $1,092,000 after buying an additional 480 shares in the last quarter. Tempus Wealth Planning LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 2.9% during the third quarter. Tempus Wealth Planning LLC now owns 21,319 shares of the company’s stock valued at $559,000 after acquiring an additional 591 shares in the last quarter. CAP Partners LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 2.9% during the first quarter. CAP Partners LLC now owns 22,029 shares of the company’s stock valued at $600,000 after acquiring an additional 623 shares in the last quarter. Security Financial Services INC. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.0% in the 3rd quarter. Security Financial Services INC. now owns 18,815 shares of the company’s stock valued at $494,000 after acquiring an additional 725 shares during the last quarter. Finally, First Heartland Consultants Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.9% in the 2nd quarter. First Heartland Consultants Inc. now owns 9,171 shares of the company’s stock valued at $251,000 after acquiring an additional 747 shares during the last quarter.
Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1%
Capital Group U.S. Multi-Sector Income ETF stock traded down $0.03 during midday trading on Friday, reaching $26.50. 1,397,463 shares of the stock traded hands, compared to its average volume of 1,107,017. The stock has a market cap of $5.63 billion, a P/E ratio of 10.71 and a beta of 0.30. The stock’s fifty day moving average is $26.58 and its 200-day moving average is $27.22. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.09 and a 12 month high of $27.86.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.1176 dividend. The ex-dividend date of this dividend was Friday, October 30th. This is a decrease from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402. This represents a $1.41 annualized dividend and a yield of 5.3%.
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.
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