Uhlmann Price Securities LLC reduced its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 73.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,316 shares of the company’s stock after selling 104,261 shares during the period. Uhlmann Price Securities LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $979,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Latitude Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $52,000. GK Wealth Management LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth approximately $52,000. CX Institutional bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $68,000. TD Waterhouse Canada Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth approximately $71,000. Finally, Olistico Wealth LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 47.6% during the 3rd quarter. Olistico Wealth LLC now owns 3,230 shares of the company’s stock valued at $85,000 after purchasing an additional 1,042 shares during the period.
Capital Group U.S. Multi-Sector Income ETF Price Performance
NYSEARCA:CGMS opened at $26.50 on Friday. The firm has a market capitalization of $5.63 billion, a P/E ratio of 10.71 and a beta of 0.30. The business has a 50 day simple moving average of $26.58 and a 200 day simple moving average of $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 business also recently announced 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 was Friday, October 30th. This is a negative change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402. This represents a $1.41 dividend on an annualized basis 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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