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-strong trading volume on Tuesday . Approximately 1,234,968 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 695,990 shares.The stock last traded at $27.44 and had previously closed at $27.47.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1 %

The company’s fifty day moving average is $27.42 and its two-hundred day moving average is $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. Investors 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 Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CGMS. Great Valley Advisor Group Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $46,477,000. Raymond James Financial Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $40,790,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after purchasing an additional 479,500 shares in the last quarter. DeDora Capital Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth $11,885,000. Finally, Stifel Financial Corp lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 453.4% in the third quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock worth $13,859,000 after acquiring an additional 407,858 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.