Daymark Wealth Partners LLC Sells 588 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Daymark Wealth Partners LLC lessened its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,267 shares of the company’s stock after selling 588 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $781,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CGMS. Clear Creek Financial Management LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.2% in the 1st quarter. Clear Creek Financial Management LLC now owns 13,222 shares of the company’s stock worth $361,000 after acquiring an additional 3,064 shares during the period. DAVENPORT & Co LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.5% during the 1st quarter. DAVENPORT & Co LLC now owns 106,214 shares of the company’s stock worth $2,900,000 after purchasing an additional 7,418 shares during the period. Private Trust Co. NA increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 305.6% during the 1st quarter. Private Trust Co. NA now owns 42,543 shares of the company’s stock worth $1,161,000 after purchasing an additional 32,054 shares during the period. Novem Group increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 17.4% during the 1st quarter. Novem Group now owns 111,630 shares of the company’s stock worth $3,048,000 after purchasing an additional 16,505 shares during the period. Finally, Lodestone Wealth Management LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 3.3% during the 1st quarter. Lodestone Wealth Management LLC now owns 75,342 shares of the company’s stock worth $2,057,000 after purchasing an additional 2,408 shares during the period.

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

NYSEARCA:CGMS opened at $27.80 on Friday. The firm’s 50-day moving average is $27.85 and its 200-day moving average is $27.51. 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 company has a market cap of $3.52 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued a dividend of $0.1306 per share. The ex-dividend date was Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 5.6%.

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.