Wealth Advisors of Iowa LLC Cuts Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Wealth Advisors of Iowa LLC cut its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 16.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 16,918 shares of the company’s stock after selling 3,337 shares during the period. Wealth Advisors of Iowa LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $467,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock valued at $4,030,000 after buying an additional 24,055 shares during the period. Inspire Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 12.1% in the first quarter. Inspire Advisors LLC now owns 56,230 shares of the company’s stock valued at $1,535,000 after acquiring an additional 6,078 shares during the last quarter. Royal Bank of Canada boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 49.1% in the first quarter. Royal Bank of Canada now owns 764,516 shares of the company’s stock valued at $20,871,000 after acquiring an additional 251,804 shares during the last quarter. US Bancorp DE purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at about $143,000. Finally, IFP Advisors Inc increased its stake in Capital Group U.S. Multi-Sector Income ETF by 38.3% during the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after acquiring an additional 1,132 shares during the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.58 on Friday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The stock’s 50-day moving average is $27.78 and its 200-day moving average is $27.58.

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

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were given a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Friday, October 31st.

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.