Novem Group Sells 73,508 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Novem Group lessened its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 50.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,548 shares of the company’s stock after selling 73,508 shares during the period. Novem Group’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Advantage Inc. increased its stake in shares of 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 purchasing an additional 1,292,902 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 16.1% during the second quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock worth $248,052,000 after acquiring an additional 1,259,374 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $25,993,000. Valmark Advisers Inc. lifted its position in shares of 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 worth $41,546,000 after acquiring an additional 879,055 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock worth $116,984,000 after acquiring an additional 646,551 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.2%

Shares of NYSEARCA CGMS traded down $0.05 during mid-day trading on Monday, hitting $26.33. The company had a trading volume of 935,830 shares, compared to its average volume of 1,088,513. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.09 and a 1 year high of $27.99. The stock’s 50-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 Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a dividend of $0.1402 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.4%.

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.