Capital Group U.S. Multi-Sector Income ETF $CGMS is Carmel Capital Partners LLC’s 7th Largest Position

Carmel Capital Partners LLC trimmed its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 20.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,367 shares of the company’s stock after selling 44,126 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up about 2.0% of Carmel Capital Partners LLC’s holdings, making the stock its 7th largest holding. Carmel Capital Partners LLC owned about 0.14% of Capital Group U.S. Multi-Sector Income ETF worth $4,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. EQ Wealth Advisors LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 8.1% in the 3rd quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock valued at $14,513,000 after acquiring an additional 39,319 shares in the last quarter. TruWealth Advisors LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 4.8% during the 3rd quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock worth $20,304,000 after buying an additional 33,718 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 53.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock worth $6,223,000 after buying an additional 78,204 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 19.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock valued at $4,030,000 after buying an additional 24,055 shares during the period. Finally, Capital Advantage Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% during the third quarter. Capital Advantage Inc. now owns 2,169,214 shares of the company’s stock worth $60,196,000 after acquiring an additional 60,898 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0%

NYSEARCA:CGMS opened at $27.76 on Friday. The firm has a market cap of $4.09 billion, a PE ratio of 10.71 and a beta of 0.34. The stock has a fifty day moving average price of $27.69 and a 200 day moving average price of $27.72. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.08 and a 12-month 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 Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.1662 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Wednesday, December 24th.

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

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.