Capital Group U.S. Multi-Sector Income ETF $CGMS Position Cut by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. decreased its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 539,141 shares of the company’s stock after selling 37,428 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 1.7% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 8th biggest holding. Redhawk Wealth Advisors Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $14,961,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CGMS. PNC Financial Services Group Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth $27,000. Financial Perspectives Inc grew its holdings in shares of 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 buying an additional 692 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at about $85,000. IFP Advisors Inc increased its position in Capital Group U.S. Multi-Sector Income ETF by 38.3% in the 2nd quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after acquiring an additional 1,132 shares during the period. Finally, AdvisorNet Financial Inc raised its stake in Capital Group U.S. Multi-Sector Income ETF by 67.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock valued at $126,000 after acquiring an additional 1,836 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.2%

Shares of CGMS stock opened at $27.75 on Friday. The company has a market capitalization of $3.52 billion, a P/E ratio of 10.71 and a beta of 0.34. The business’s 50 day moving average is $27.72 and its two-hundred day moving average is $27.67. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08.

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

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

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

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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