Stephens Inc. AR Lowers Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Stephens Inc. AR cut its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 605,687 shares of the company’s stock after selling 38,154 shares during the period. Stephens Inc. AR owned approximately 0.48% of Capital Group U.S. Multi-Sector Income ETF worth $16,808,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CGMS. TruWealth Advisors LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% during the 3rd quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock worth $20,304,000 after buying an additional 33,718 shares during the last quarter. Centennial Wealth Advisory LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 53.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock valued at $6,223,000 after acquiring an additional 78,204 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 19.7% during the second quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock worth $4,030,000 after acquiring an additional 24,055 shares during the last quarter. Wellington Capital Management Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at about $2,045,000. Finally, Capital Advantage Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% in the third quarter. Capital Advantage Inc. now owns 2,169,214 shares of the company’s stock valued at $60,196,000 after purchasing an additional 60,898 shares during the last quarter.

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

Shares of CGMS opened at $27.74 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. The firm has a 50 day simple moving average of $27.67 and a 200-day simple moving average of $27.71.

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

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.1662 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

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.