Atria Investments Inc Sells 48,524 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Atria Investments Inc lessened its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 10.4% during the second quarter, Holdings Channel.com reports. The firm owned 418,117 shares of the company’s stock after selling 48,524 shares during the period. Atria Investments Inc’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $11,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. LPL Financial LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 50.1% during the 1st quarter. LPL Financial LLC now owns 8,175,108 shares of the company’s stock worth $223,180,000 after purchasing an additional 2,729,762 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 16.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,244,651 shares of the company’s stock worth $117,237,000 after purchasing an additional 607,801 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 167.9% during the 1st quarter. Raymond James Financial Inc. now owns 4,005,277 shares of the company’s stock worth $109,344,000 after purchasing an additional 2,510,047 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 25.5% during the 1st quarter. Cetera Investment Advisers now owns 2,261,512 shares of the company’s stock worth $61,739,000 after purchasing an additional 459,655 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 23.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,120,720 shares of the company’s stock worth $57,896,000 after purchasing an additional 406,566 shares in the last quarter.

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

CGMS opened at $27.80 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The firm has a market capitalization of $3.52 billion, a PE ratio of 10.71 and a beta of 0.34. The company’s 50-day moving average is $27.85 and its 200 day moving average is $27.51.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a $0.1306 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, September 29th.

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.