Novem Group Takes $2.60 Million Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Novem Group purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, HoldingsChannel reports. The fund purchased 95,125 shares of the company’s stock, valued at approximately $2,595,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CGMS. VisionPoint Advisory Group LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $59,000. GeoWealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $61,000. Larson Financial Group LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 26.6% in the fourth quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after buying an additional 551 shares during the period. HHM Wealth Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $74,000. Finally, Strategic Investment Solutions Inc. IL boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 50.4% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,707 shares of the company’s stock valued at $74,000 after purchasing an additional 907 shares in the last quarter.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.15 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.00. The stock’s 50-day moving average is $27.03 and its 200 day moving average is $27.31. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 10.71 and a beta of 0.36.

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

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were given a dividend of $0.1376 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, March 28th.

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