Prime Capital Investment Advisors LLC Buys Shares of 24,190 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Prime Capital Investment Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the third quarter, HoldingsChannel reports. The fund bought 24,190 shares of the company’s stock, valued at approximately $673,000.

Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 5.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 382,510 shares of the company’s stock worth $10,297,000 after purchasing an additional 18,945 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $227,000. Cetera Advisors LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 237.8% during the 1st quarter. Cetera Advisors LLC now owns 78,179 shares of the company’s stock worth $2,114,000 after acquiring an additional 55,037 shares during the last quarter. Crumly & Associates Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 3.9% in the 2nd quarter. Crumly & Associates Inc. now owns 107,574 shares of the company’s stock valued at $2,896,000 after acquiring an additional 4,028 shares during the period. Finally, Simplicity Wealth LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at $230,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.0 %

Shares of NYSEARCA:CGMS opened at $27.40 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $25.91 and a 52 week high of $28.00. The firm’s fifty day moving average is $27.66 and its 200-day moving average is $27.36.

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

The business also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.1076 dividend. 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.