Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Sold by BlueStem Wealth Partners LLC

BlueStem Wealth Partners LLC cut its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 670,156 shares of the company’s stock after selling 167,276 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 2.0% of BlueStem Wealth Partners LLC’s portfolio, making the stock its 14th biggest holding. BlueStem Wealth Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $18,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CGMS. Focus Partners Wealth acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $1,048,000. NewEdge Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% during the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock worth $4,114,000 after buying an additional 68,484 shares during the period. CLG LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% during the second quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after buying an additional 3,261 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% during the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after buying an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth approximately $230,000.

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

CGMS opened at $27.27 on Wednesday. The business has a 50 day moving average price of $27.44 and a two-hundred day moving average price of $27.60. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.94 and a 1-year high of $28.08.

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

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.1148 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

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.