Capital Group U.S. Multi-Sector Income ETF $CGMS Holdings Lessened by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 31.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 868,945 shares of the company’s stock after selling 403,029 shares during the quarter. Kestra Advisory Services LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $22,792,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Gutierrez Wealth Advisory LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 40.0% during the 3rd quarter. Gutierrez Wealth Advisory LLC now owns 30,742 shares of the company’s stock worth $806,000 after purchasing an additional 8,782 shares in the last quarter. Compass Financial Management LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 3.7% in the third quarter. Compass Financial Management LLC now owns 120,153 shares of the company’s stock worth $3,152,000 after purchasing an additional 4,246 shares during the period. Signature Equity Partners LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4,586.8% in the third quarter. Signature Equity Partners LLC now owns 24,231 shares of the company’s stock worth $636,000 after purchasing an additional 23,714 shares during the period. Security Financial Services INC. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 4.0% in the third quarter. Security Financial Services INC. now owns 18,815 shares of the company’s stock valued at $494,000 after purchasing an additional 725 shares in the last quarter. Finally, BNB Wealth Management LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 1.4% in the third quarter. BNB Wealth Management LLC now owns 300,195 shares of the company’s stock valued at $7,874,000 after purchasing an additional 4,036 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1%

CGMS opened at $26.50 on Friday. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.09 and a twelve month high of $27.86. The company has a 50-day simple moving average of $26.58 and a 200 day simple moving average of $27.22. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30.

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

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

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.