Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Strong Trading Volume – Time to Buy?

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw unusually-high trading volume on Tuesday . Approximately 1,234,968 shares traded hands during trading, an increase of 77% from the previous session’s volume of 695,990 shares.The stock last traded at $27.44 and had previously closed at $27.47.

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

The business’s 50-day moving average is $27.42 and its 200 day moving average is $27.54.

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

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were issued a dividend of $0.1089 per share. The ex-dividend date was Friday, January 31st.

Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF

A number of institutional investors have recently added to or reduced their stakes in CGMS. CWM LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at $192,000. Concourse Financial Group Securities Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 29.5% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 33,282 shares of the company’s stock valued at $927,000 after acquiring an additional 7,577 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 21.7% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 10,209 shares of the company’s stock valued at $284,000 after acquiring an additional 1,820 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 6.2% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 472,364 shares of the company’s stock valued at $13,151,000 after purchasing an additional 27,722 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $34,000.

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.