Dynamic Advisor Solutions LLC Cuts Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Dynamic Advisor Solutions LLC reduced its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 53.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,229 shares of the company’s stock after selling 75,953 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,857,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at $53,000. HHM Wealth Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth $59,000. Cape Investment Advisory Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 422.7% in the 3rd quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock worth $73,000 after purchasing an additional 2,126 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $102,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.2%

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.21 on Wednesday. The firm has a fifty day simple moving average of $27.63 and a two-hundred day simple moving average of $27.71. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08. The company has a market capitalization of $4.12 billion, a PE ratio of 10.71 and a beta of 0.34.

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

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

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