Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Large Volume Increase – Here’s What Happened

Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw unusually-strong trading volume on Thursday . Approximately 506,063 shares were traded during trading, a decline of 8% from the previous session’s volume of 548,095 shares.The stock last traded at $27.24 and had previously closed at $27.37.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.8 %

The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.83 and a beta of 0.36. The company’s fifty day moving average is $27.47 and its two-hundred day moving average is $27.51.

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

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were paid a $0.1376 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

Institutional Investors Weigh In On Capital Group U.S. Multi-Sector Income ETF

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 70.2% during the fourth quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock worth $148,549,000 after buying an additional 2,245,608 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 55.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,993,651 shares of the company’s stock valued at $81,667,000 after acquiring an additional 1,068,144 shares during the period. Great Valley Advisor Group Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 22.5% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,045,489 shares of the company’s stock worth $55,801,000 after acquiring an additional 376,054 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 40.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,913,313 shares of the company’s stock valued at $52,195,000 after purchasing an additional 546,392 shares during the period. Finally, Cetera Investment Advisers increased its stake in Capital Group U.S. Multi-Sector Income ETF by 37.3% in the fourth quarter. Cetera Investment Advisers now owns 1,801,857 shares of the company’s stock valued at $49,155,000 after purchasing an additional 489,231 shares in the last quarter.

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.