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

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

The stock has a 50-day simple moving average of $27.39 and a 200 day simple moving average of $27.54.

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

The business also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a dividend of $0.1089 per share. The ex-dividend date of this dividend was Friday, January 31st.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $31,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth about $50,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $51,000. VisionPoint Advisory Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $59,000. Finally, GeoWealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $61,000.

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.