Capital Group U.S. Multi-Sector Income ETF $CGMS Stake Decreased by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. reduced its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 45.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 94,391 shares of the company’s stock after selling 78,225 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,476,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital Advantage Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 51.7% in the second quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock worth $103,627,000 after acquiring an additional 1,292,902 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 16.1% in the second quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock valued at $248,052,000 after acquiring an additional 1,259,374 shares during the last quarter. Waverly Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at about $25,993,000. Valmark Advisers Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 135.9% during the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after purchasing an additional 879,055 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Capital Group U.S. Multi-Sector Income ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after purchasing an additional 646,551 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.4%

Shares of CGMS stock opened at $26.56 on Wednesday. The business has a 50-day moving average price of $26.69 and a two-hundred day moving average price of $27.27. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.09 and a 12-month high of $27.99. The firm has a market cap of $5.56 billion, a P/E ratio of 10.71 and a beta of 0.30.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.1402 per share. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297. The ex-dividend date was Tuesday, September 29th. This represents a $1.68 annualized dividend and a dividend yield of 6.3%.

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.