Capital Group U.S. Multi-Sector Income ETF $CGMS Stock: KWB Wealth Decreases Holdings

KWB Wealth reduced its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 500,525 shares of the company’s stock after selling 26,898 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up approximately 1.1% of KWB Wealth’s portfolio, making the stock its 24th biggest holding. KWB Wealth owned 0.24% of Capital Group U.S. Multi-Sector Income ETF worth $13,129,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CGMS. Vicus Capital raised its position in Capital Group U.S. Multi-Sector Income ETF by 42.3% during the first quarter. Vicus Capital now owns 497,504 shares of the company’s stock valued at $13,547,000 after acquiring an additional 148,007 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 39.8% in the 4th quarter. Sunbelt Securities Inc. now owns 430,923 shares of the company’s stock worth $11,902,000 after purchasing an additional 122,612 shares in the last quarter. Seamount Financial Group Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 50.6% in the 1st quarter. Seamount Financial Group Inc. now owns 104,556 shares of the company’s stock worth $2,847,000 after purchasing an additional 35,142 shares in the last quarter. Clear Trail Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth approximately $9,727,000. Finally, Capital Advantage Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 51.7% during the 2nd 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 during the period.

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

Shares of NYSEARCA CGMS traded down $0.07 during midday trading on Friday, reaching $26.38. 1,245,400 shares of the stock were exchanged, compared to its average volume of 1,089,280. The firm has a market cap of $5.48 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 twelve month low of $26.09 and a twelve month high of $27.99. The firm has a 50-day simple moving average of $26.79 and a two-hundred day simple moving average of $27.19.

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. Investors of record on Tuesday, September 29th were issued a dividend of $0.1402 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.4%. This is a boost 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.

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.