Apollon Wealth Management LLC Increases Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Apollon Wealth Management LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 33.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,665 shares of the company’s stock after buying an additional 15,663 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.24% of Capital Group U.S. Multi-Sector Income ETF worth $1,709,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CGMS. Ashton Thomas Securities LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at $31,000. NBC Securities Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $34,000. Strategic Investment Solutions Inc. IL purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $51,000. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $74,000.

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

NYSEARCA:CGMS opened at $27.47 on Tuesday. The company’s 50-day simple moving average is $27.42 and its 200-day simple moving average is $27.54. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.49 and a fifty-two week high of $28.00.

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

The company also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.1089 dividend. The ex-dividend date was Friday, January 31st.

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.