Sharkey Howes & Javer Decreases Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Sharkey Howes & Javer reduced its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 63.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,446 shares of the company’s stock after selling 38,277 shares during the quarter. Sharkey Howes & Javer’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth approximately $27,000. Financial Perspectives Inc boosted its position in Capital Group U.S. Multi-Sector Income ETF by 59.6% during the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after purchasing an additional 692 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at $85,000. IFP Advisors Inc grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 38.3% in the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after purchasing an additional 1,132 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 67.6% in the second quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock valued at $126,000 after buying an additional 1,836 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1%

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.73 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The firm’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $27.68. The firm has a market capitalization of $3.51 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The firm also recently declared a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were issued a $0.1266 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, November 28th.

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