Capital Group U.S. Multi-Sector Income ETF $CGMS Stake Reduced by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. cut its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 53.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,500 shares of the company’s stock after selling 74,374 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in shares of 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 valued at $248,052,000 after purchasing an additional 1,259,374 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the 1st quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock worth $116,984,000 after purchasing an additional 646,551 shares in the last quarter. Capital Advantage Inc. raised its holdings in shares of 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 worth $103,627,000 after purchasing an additional 1,292,902 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 19.5% in the 1st quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock worth $48,656,000 after purchasing an additional 291,066 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 135.9% during the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after purchasing an additional 879,055 shares during the last quarter.

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

CGMS stock opened at $26.55 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.09 and a 12 month high of $27.86. The firm has a market cap of $5.60 billion, a PE ratio of 10.71 and a beta of 0.30. The firm has a 50 day simple moving average of $26.61 and a 200 day simple moving average of $27.23.

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

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

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.