KWB Wealth Sells 68,800 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

KWB Wealth cut its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 40.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,577 shares of the company’s stock after selling 68,800 shares during the quarter. KWB Wealth owned approximately 0.10% of Capital Group U.S. Multi-Sector Income ETF worth $2,746,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Tempus Wealth Planning LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.8% in the second quarter. Tempus Wealth Planning LLC now owns 24,845 shares of the company’s stock valued at $686,000 after buying an additional 429 shares during the last quarter. Midwest Heritage Bank FSB raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 34.2% in the second quarter. Midwest Heritage Bank FSB now owns 10,871 shares of the company’s stock valued at $300,000 after buying an additional 2,768 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 409.4% in the second quarter. ORG Partners LLC now owns 7,610 shares of the company’s stock valued at $210,000 after buying an additional 6,116 shares during the last quarter. ST Germain D J Co. Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 0.8% in the second quarter. ST Germain D J Co. Inc. now owns 347,002 shares of the company’s stock valued at $9,584,000 after buying an additional 2,637 shares during the last quarter. Finally, Novem Group raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the second quarter. Novem Group now owns 114,748 shares of the company’s stock valued at $3,169,000 after buying an additional 3,118 shares during the last quarter.

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

Shares of NYSEARCA:CGMS opened at $27.84 on Friday. The stock has a market capitalization of $3.02 billion, a P/E ratio of 10.71 and a beta of 0.40. 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 business has a 50-day moving average price of $27.75 and a two-hundred day moving average price of $27.39.

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

The business also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 29th were given a dividend of $0.1371 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, August 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.