Citadel Advisors LLC Sells 75,828 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Citadel Advisors LLC lessened its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 49.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,652 shares of the company’s stock after selling 75,828 shares during the period. Citadel Advisors LLC owned approximately 0.29% of Capital Group U.S. Multi-Sector Income ETF worth $2,091,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Baird Financial Group Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 145.6% during the 4th quarter. Baird Financial Group Inc. now owns 518,728 shares of the company’s stock valued at $14,151,000 after acquiring an additional 307,499 shares during the period. Benjamin Edwards Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 20.4% during the 4th quarter. Benjamin Edwards Inc. now owns 330,329 shares of the company’s stock valued at $9,012,000 after acquiring an additional 55,982 shares during the period. Jane Street Group LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 12.2% during the 4th quarter. Jane Street Group LLC now owns 262,303 shares of the company’s stock valued at $7,156,000 after acquiring an additional 28,580 shares during the period. Comerica Bank grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 176.1% during the 4th quarter. Comerica Bank now owns 11,451 shares of the company’s stock valued at $312,000 after acquiring an additional 7,304 shares during the period. Finally, Betterment LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 275.0% during the 4th quarter. Betterment LLC now owns 297,457 shares of the company’s stock valued at $8,115,000 after acquiring an additional 218,128 shares during the period.

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

Shares of CGMS stock opened at $27.01 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.00. The firm has a fifty day moving average price of $27.01 and a 200-day moving average price of $27.31. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 10.71 and a beta of 0.36.

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

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were given a dividend of $0.1376 per share. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, March 28th.

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.