Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Sold by KWB Wealth

KWB Wealth lowered its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.1% during the third quarter, Holdings Channel.com reports. The fund owned 500,525 shares of the company’s stock after selling 26,898 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises 1.1% of KWB Wealth’s investment portfolio, making the stock its 24th biggest position. KWB Wealth’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $13,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGMS. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $53,000. GK Wealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $52,000. CX Institutional acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at about $68,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $71,000. Finally, Olistico Wealth LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 47.6% during the third quarter. Olistico Wealth LLC now owns 3,230 shares of the company’s stock worth $85,000 after purchasing an additional 1,042 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3%

NYSEARCA:CGMS traded down $0.07 during trading hours on Friday, hitting $26.38. 1,245,400 shares of the stock were exchanged, compared to its average volume of 1,089,280. The firm’s fifty day moving average price is $26.79 and its 200 day moving average price is $27.19. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.09 and a 52-week high of $27.99. The company has a market cap of $5.48 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 declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a $0.1402 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, September 29th.

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.