Sovran Advisors LLC Reduces Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Sovran Advisors LLC trimmed its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 30.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,353 shares of the company’s stock after selling 15,570 shares during the quarter. Sovran Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $972,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital A Wealth Management LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $25,000. PNC Financial Services Group Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at $27,000. Calton & Associates Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at $32,000. NBC Securities Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 122,900.0% during the first quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock valued at $33,000 after purchasing an additional 1,229 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at $41,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%

Shares of CGMS opened at $27.98 on Friday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 10.71 and a beta of 0.40. 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 firm has a fifty day moving average price of $27.71 and a 200-day moving average price of $27.37.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 29th were issued a $0.1371 dividend. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, August 29th.

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