Cwm LLC Purchases Shares of 6,905 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Cwm LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,905 shares of the company’s stock, valued at approximately $192,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $32,000. Olistico Wealth LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% during the 3rd quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock valued at $38,000 after purchasing an additional 822 shares in the last quarter. Comerica Bank grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 250.0% in the 1st quarter. Comerica Bank now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,500 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1,221.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 3,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,773 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $109,000.

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

Shares of NYSEARCA:CGMS opened at $27.48 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $25.07 and a 1-year high of $28.00. The company has a 50 day moving average price of $27.72 and a 200 day moving average price of $27.28.

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

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a dividend of $0.1076 per share. The ex-dividend date was Friday, September 27th.

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.