Capital Group U.S. Multi-Sector Income ETF $CGMS Stock Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 94.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,621 shares of the company’s stock after selling 269,157 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Citadel Advisors LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 44.7% in the 2nd quarter. Citadel Advisors LLC now owns 297,020 shares of the company’s stock valued at $8,118,000 after acquiring an additional 91,815 shares during the period. Capital Advantage Inc. lifted its stake 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 buying an additional 1,292,902 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock worth $31,068,000 after buying an additional 84,470 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 16.1% in the second quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock worth $248,052,000 after acquiring an additional 1,259,374 shares during the period. Finally, J. Derek Lewis & Associates Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 14.1% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 703,687 shares of the company’s stock worth $19,198,000 after purchasing an additional 87,030 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.1%

CGMS stock opened at $26.53 on Friday. The firm has a 50 day moving average of $26.59 and a 200-day moving average of $27.23. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.09 and a 12 month high of $27.86. The firm has a market capitalization of $5.60 billion, a P/E ratio of 10.71 and a beta of 0.30.

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

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were issued a $0.1176 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, October 30th. This is a negative change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.

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.