TrueWealth Advisors LLC Sells 153,782 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

TrueWealth Advisors LLC lessened its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.2% in the fourth quarter, Holdings Channel reports. The fund owned 645,210 shares of the company’s stock after selling 153,782 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up about 4.6% of TrueWealth Advisors LLC’s holdings, making the stock its 4th biggest holding. TrueWealth Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $17,821,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. UBS Group AG raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% during the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock valued at $97,817,000 after purchasing an additional 1,162,393 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 27.2% in the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock valued at $149,867,000 after purchasing an additional 1,155,945 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at $11,825,000. Osaic Holdings Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,768,762 shares of the company’s stock valued at $48,855,000 after purchasing an additional 410,734 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the 3rd quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock worth $120,404,000 after buying an additional 360,166 shares during the period.

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

Shares of CGMS stock opened at $27.14 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The firm has a market capitalization of $4.11 billion, a P/E ratio of 10.71 and a beta of 0.34. The company’s fifty day moving average price is $27.65 and its two-hundred day moving average price is $27.72.

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

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.1148 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

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.