Total Clarity Wealth Management Inc. Sells 78,225 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Total Clarity Wealth Management Inc. lowered its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 45.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,391 shares of the company’s stock after selling 78,225 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,476,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CGMS. Midwest Heritage Bank FSB grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 47.4% during the 3rd quarter. Midwest Heritage Bank FSB now owns 24,333 shares of the company’s stock valued at $638,000 after purchasing an additional 7,822 shares in the last quarter. National Wealth Management Group LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $310,000. Flagship Harbor Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 55.5% in the third quarter. Flagship Harbor Advisors LLC now owns 50,643 shares of the company’s stock worth $1,328,000 after purchasing an additional 18,068 shares during the period. Equity Wealth Partners LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 21.6% in the third quarter. Equity Wealth Partners LLC now owns 10,374 shares of the company’s stock worth $272,000 after purchasing an additional 1,842 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 5.7% in the third quarter. Apollon Wealth Management LLC now owns 48,845 shares of the company’s stock worth $1,281,000 after buying an additional 2,630 shares in the last quarter.

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

Shares of CGMS stock opened at $26.56 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.09 and a 52-week high of $27.99. The company has a market capitalization of $5.56 billion, a PE ratio of 10.71 and a beta of 0.30. The business’s fifty day moving average is $26.69 and its 200 day moving average is $27.27.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.1402 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.3%. This is an increase 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.