Capital Group U.S. Multi-Sector Income ETF $CGMS Stock: Prime Capital Investment Advisors LLC Cuts Stake

Prime Capital Investment Advisors LLC lowered its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 27.1% during the third quarter, Holdings Channel reports. The firm owned 50,890 shares of the company’s stock after selling 18,928 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Burford Brothers Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.4% in the first quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after purchasing an additional 414 shares in the last quarter. Trilogy Capital Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 1.2% during the second quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock worth $1,092,000 after buying an additional 480 shares during the last quarter. Tempus Wealth Planning LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 2.9% during the third quarter. Tempus Wealth Planning LLC now owns 21,319 shares of the company’s stock valued at $559,000 after buying an additional 591 shares in the last quarter. CAP Partners LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 2.9% during the first quarter. CAP Partners LLC now owns 22,029 shares of the company’s stock valued at $600,000 after buying an additional 623 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.9% during the second quarter. First Heartland Consultants Inc. now owns 9,171 shares of the company’s stock valued at $251,000 after buying an additional 747 shares in the last quarter.

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

Shares of NYSEARCA:CGMS opened at $26.49 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.09 and a fifty-two week high of $27.99. The business has a 50-day moving average of $26.73 and a two-hundred day moving average of $27.16. The stock has a market capitalization of $5.50 billion, a P/E ratio of 10.71 and a beta of 0.30.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.1402 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.4%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297.

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