Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Sold by Stephens Inc. AR

Stephens Inc. AR reduced its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 605,687 shares of the company’s stock after selling 38,154 shares during the period. Stephens Inc. AR’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $16,808,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tempus Wealth Planning LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.8% during the second quarter. Tempus Wealth Planning LLC now owns 24,845 shares of the company’s stock worth $686,000 after purchasing an additional 429 shares during the last quarter. CAP Partners LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 2.2% during the second quarter. CAP Partners LLC now owns 22,091 shares of the company’s stock worth $610,000 after buying an additional 484 shares during the period. PFG Advisors boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.6% in the 2nd quarter. PFG Advisors now owns 30,400 shares of the company’s stock worth $840,000 after buying an additional 491 shares during the last quarter. Cottage Street Advisors LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.4% in the 2nd quarter. Cottage Street Advisors LLC now owns 42,928 shares of the company’s stock valued at $1,186,000 after buying an additional 590 shares during the period. Finally, Lodestone Wealth Management LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.8% during the 2nd quarter. Lodestone Wealth Management LLC now owns 75,951 shares of the company’s stock valued at $2,098,000 after acquiring an additional 609 shares during the last quarter.

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

CGMS opened at $27.74 on Wednesday. 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 50 day simple moving average is $27.67 and its 200 day simple moving average is $27.71. The stock has a market capitalization of $4.01 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The company also recently declared a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1662 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date was Wednesday, December 24th.

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.