Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Sold by Midwest Financial Network LLC

Midwest Financial Network LLC decreased its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 53.9% in the 3rd quarter, Holdings Channel reports. The firm owned 56,156 shares of the company’s stock after selling 65,688 shares during the quarter. Midwest Financial Network LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GK Wealth Management LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $52,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $53,000. CX Institutional bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth approximately $68,000. Olistico Wealth LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 47.6% in the 3rd quarter. Olistico Wealth LLC now owns 3,230 shares of the company’s stock valued at $85,000 after buying an additional 1,042 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at about $124,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.0%

Capital Group U.S. Multi-Sector Income ETF stock opened at $26.36 on Tuesday. The stock has a market cap of $5.43 billion, a P/E ratio of 10.71 and a beta of 0.30. The company’s 50 day moving average price is $26.85 and its two-hundred day moving average price is $27.21. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.09 and a 52 week high of $27.99.

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. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.1402 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Tuesday, September 29th. This is a positive change 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.