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

Total Clarity Wealth Management Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,399 shares of the company’s stock after acquiring an additional 9,255 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CGMS. LPL Financial LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 50.1% during the first quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock worth $223,180,000 after purchasing an additional 2,729,762 shares during the last quarter. Raymond James Financial Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 167.9% during the first quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock worth $109,344,000 after acquiring an additional 2,510,047 shares during the last quarter. Capital Advantage Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $58,232,000. CWM LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 441.9% during the second quarter. CWM LLC now owns 929,285 shares of the company’s stock worth $25,667,000 after purchasing an additional 757,795 shares during the period. Finally, BlueStem Wealth Partners LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth about $19,251,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.64 on Monday. The company’s 50 day simple moving average is $27.78 and its 200-day simple moving average is $27.41. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid a $0.1306 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, September 29th.

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.