Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $1.27 Million in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the third quarter, Holdings Channel reports. The institutional investor purchased 45,567 shares of the company’s stock, valued at approximately $1,269,000.

Other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at $32,000. NBC Securities Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $34,000. Olistico Wealth LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 149.5% during the third quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock valued at $38,000 after purchasing an additional 822 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $50,000. Finally, Comerica Bank lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 250.0% during the first quarter. Comerica Bank now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 1,500 shares during the last quarter.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock traded up $0.01 on Monday, reaching $27.52. The stock had a trading volume of 14,768 shares, compared to its average volume of 374,985. 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 business’s 50 day moving average is $27.72 and its two-hundred day moving average is $27.29.

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

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a $0.1076 dividend. The ex-dividend date was Friday, September 27th.

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