73,508 Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Sold by Novem Group

Novem Group reduced its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 50.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,548 shares of the company’s stock after selling 73,508 shares during the quarter. Novem Group’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,877,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 16.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock valued at $248,052,000 after purchasing an additional 1,259,374 shares during the period. Cetera Investment Advisers increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% during the 1st quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after purchasing an additional 646,551 shares during the last quarter. Capital Advantage Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 51.7% during the 2nd quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock valued at $103,627,000 after purchasing an additional 1,292,902 shares during the last quarter. Royal Bank of Canada increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 19.5% during the 1st quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock valued at $48,656,000 after purchasing an additional 291,066 shares during the last quarter. Finally, Valmark Advisers Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% during the 1st quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock worth $41,546,000 after purchasing an additional 879,055 shares during the period.

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

Shares of NYSEARCA:CGMS traded down $0.05 during midday trading on Monday, reaching $26.33. The company had a trading volume of 935,830 shares, compared to its average volume of 1,088,513. The stock has a market cap of $5.47 billion, a P/E ratio of 10.71 and a beta of 0.30. The company’s 50 day moving average price is $26.79 and its 200 day moving average price is $27.19. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.09 and a 52-week high of $27.99.

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

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.1402 dividend. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297. This represents a $1.68 dividend on an annualized basis and a yield of 6.4%.

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.