Element Wealth LLC Takes $851,000 Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Element Wealth LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 31,202 shares of the company’s stock, valued at approximately $851,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at approximately $50,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $51,000. VisionPoint Advisory Group LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $59,000. Finally, AdvisorNet Financial Inc acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $74,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0 %

Shares of CGMS opened at $27.57 on Friday. 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 has a 52-week low of $26.49 and a 52-week high of $28.00.

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

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a $0.1089 dividend. The ex-dividend date was Friday, January 31st.

Capital Group U.S. Multi-Sector Income ETF Profile

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.