Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Large Volume Increase – Still a Buy?

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) shares saw unusually-high trading volume on Thursday . Approximately 2,047,064 shares traded hands during 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 Stock Up 0.1 %

The company’s fifty day simple moving average is $27.39 and its 200-day simple 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 paid a $0.1089 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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

Several large investors have recently modified their holdings of the stock. LPL Financial LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 70.2% during the 4th quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock worth $148,549,000 after purchasing an additional 2,245,608 shares in the last quarter. Great Valley Advisor Group Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $46,477,000. Raymond James Financial Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $40,790,000. Envestnet Asset Management Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 55.5% in the fourth 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 last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 283.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,060,939 shares of the company’s stock worth $28,942,000 after acquiring an additional 784,317 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.