KWB Wealth Purchases 66,937 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

KWB Wealth raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 66.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,514 shares of the company’s stock after acquiring an additional 66,937 shares during the quarter. KWB Wealth owned approximately 0.14% of Capital Group U.S. Multi-Sector Income ETF worth $4,627,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CGMS. TruWealth Advisors LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.8% in the 3rd quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock worth $20,304,000 after buying an additional 33,718 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.7% during the second 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. Royal Bank of Canada raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 49.1% during 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 in the last quarter. IFP Advisors Inc lifted its stake 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 worth $113,000 after acquiring an additional 1,132 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter worth $516,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0%

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.69 on Thursday. 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 company has a market cap of $3.51 billion, a P/E ratio of 10.71 and a beta of 0.34. The company’s fifty day simple moving average is $27.72 and its two-hundred day simple moving average is $27.67.

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

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

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.