Tempus Wealth Planning LLC Raises Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Tempus Wealth Planning LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 1.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,845 shares of the company’s stock after buying an additional 429 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $686,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth approximately $27,000. Calton & Associates Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth $32,000. NBC Securities Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 122,900.0% during the first quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock worth $33,000 after buying an additional 1,229 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth about $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 42.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,653 shares of the company’s stock worth $72,000 after acquiring an additional 788 shares during the last quarter.

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

CGMS stock opened at $27.84 on Friday. The firm has a 50-day moving average of $27.75 and a two-hundred day moving average of $27.39. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 10.71 and a beta of 0.40.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 29th were issued 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.