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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) shares saw strong trading volume on Thursday . 2,047,064 shares changed 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 Stock Performance

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 declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a $0.1089 dividend. The ex-dividend date was Friday, January 31st.

Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired 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 stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $542,000. Farther Finance Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at approximately $84,000. Janney Montgomery Scott LLC lifted its holdings in shares of 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 worth $1,610,000 after acquiring an additional 13,608 shares during the last quarter. Finally, Von Berge Wealth Management Group LLC boosted its position 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.