Capital Group U.S. Multi-Sector Income ETF $CGMS Stock: Oppenheimer & Co. Inc. Lowers Position

Oppenheimer & Co. Inc. lowered its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 94.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,621 shares of the company’s stock after selling 269,157 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Trilogy Capital Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% during the 2nd quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock valued at $1,092,000 after purchasing an additional 480 shares during the last quarter. Tempus Wealth Planning LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% during the 3rd quarter. Tempus Wealth Planning LLC now owns 21,319 shares of the company’s stock valued at $559,000 after buying an additional 591 shares in the last quarter. CAP Partners LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 2.9% in the 1st quarter. CAP Partners LLC now owns 22,029 shares of the company’s stock worth $600,000 after buying an additional 623 shares during the last quarter. First Heartland Consultants Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 8.9% in the 2nd quarter. First Heartland Consultants Inc. now owns 9,171 shares of the company’s stock worth $251,000 after buying an additional 747 shares during the last quarter. Finally, Meadowbrook Wealth Management LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 5.8% in the 3rd quarter. Meadowbrook Wealth Management LLC now owns 13,650 shares of the company’s stock worth $358,000 after buying an additional 750 shares during the last quarter.

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

Shares of CGMS opened at $26.53 on Friday. The firm has a market cap of $5.60 billion, a P/E ratio of 10.71 and a beta of 0.30. The stock has a 50 day simple moving average of $26.59 and a two-hundred day simple moving average of $27.23. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.09 and a 1 year high of $27.86.

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. Stockholders of record on Friday, October 30th were issued a $0.1176 dividend. This represents a $1.41 dividend on an annualized basis and a dividend 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.

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.