Capital Group U.S. Multi-Sector Income ETF $CGMS Stock: International Assets Investment Management LLC Trims Holdings

International Assets Investment Management LLC decreased its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 87.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,000 shares of the company’s stock after selling 71,644 shares during the quarter. International Assets Investment Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $262,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GK Wealth Management LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $52,000. Latitude Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $52,000. CX Institutional acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth approximately $68,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth approximately $71,000. Finally, Olistico Wealth LLC increased its holdings 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 buying an additional 1,042 shares in the last quarter.

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

Shares of NYSEARCA:CGMS traded down $0.03 during trading on Friday, reaching $26.50. The stock had a trading volume of 1,397,463 shares, compared to its average volume of 1,107,017. The stock has a market capitalization of $5.63 billion, a PE ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.09 and a 52 week high of $27.86. The business’s 50-day moving average price is $26.58 and its 200 day moving average price is $27.22.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a $0.1176 dividend. This represents a $1.41 annualized dividend and a yield of 5.3%. The ex-dividend date was Friday, October 30th. This is a negative change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.

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.