Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Strong Trading Volume – Here’s Why

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw unusually-strong trading volume on Thursday . Approximately 2,047,064 shares traded hands during mid-day trading, an increase of 170% from the previous session’s volume of 756,991 shares.The stock last traded at $27.56 and had previously closed at $27.52.

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

The business’s 50 day moving average price is $27.39 and its 200-day moving average price 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. Stockholders of record on Friday, January 31st were paid a dividend of $0.1089 per share. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Trading of Capital Group U.S. Multi-Sector Income ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $51,000. Brookstone Capital Management acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $542,000. Farther Finance Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth approximately $84,000. Janney Montgomery Scott LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 57,816 shares of the company’s stock valued at $1,610,000 after acquiring an additional 13,608 shares during the last quarter. Finally, Von Berge Wealth Management Group LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after purchasing an additional 482 shares during the period.

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.