Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Sold by Sharkey Howes & Javer

Sharkey Howes & Javer lowered its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 63.0% during the third quarter, Holdings Channel.com reports. The fund owned 22,446 shares of the company’s stock after selling 38,277 shares during the quarter. Sharkey Howes & Javer’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $623,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CGMS. TruWealth Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.8% in the 3rd quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock valued at $20,304,000 after purchasing an additional 33,718 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.7% during the second quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock worth $4,030,000 after purchasing an additional 24,055 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 49.1% in the first quarter. Royal Bank of Canada now owns 764,516 shares of the company’s stock worth $20,871,000 after buying an additional 251,804 shares during the period. IFP Advisors Inc grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 38.3% in the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after buying an additional 1,132 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at about $204,000.

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

Shares of NYSEARCA:CGMS opened at $27.73 on Friday. The business’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $27.68. The company has a market cap of $3.51 billion, a P/E ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 28th were paid a dividend of $0.1266 per share. The ex-dividend date was Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Capital Group U.S. Multi-Sector Income ETF Company 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.