Capital Group U.S. Multi-Sector Income ETF $CGMS Stock: Kestra Advisory Services LLC Trims Stake

Kestra Advisory Services LLC reduced its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 31.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 868,945 shares of the company’s stock after selling 403,029 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.41% of Capital Group U.S. Multi-Sector Income ETF worth $22,792,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CGMS. Citadel Advisors LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 44.7% in the 2nd quarter. Citadel Advisors LLC now owns 297,020 shares of the company’s stock valued at $8,118,000 after purchasing an additional 91,815 shares during the period. Capital Advantage Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 51.7% in the 2nd quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock valued at $103,627,000 after buying an additional 1,292,902 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock valued at $31,068,000 after buying an additional 84,470 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 16.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock worth $248,052,000 after buying an additional 1,259,374 shares during the period. Finally, J. Derek Lewis & Associates Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 14.1% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 703,687 shares of the company’s stock worth $19,198,000 after buying an additional 87,030 shares during the period.

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

CGMS opened at $26.50 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 $27.86. The company has a market capitalization of $5.63 billion, a P/E ratio of 10.71 and a beta of 0.30. The stock has a fifty day moving average of $26.58 and a 200-day moving average of $27.22.

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

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a $0.1176 dividend. This represents a $1.41 annualized dividend and a dividend yield of 5.3%. This is a drop from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402. The ex-dividend date was Friday, October 30th.

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.