Inspire Advisors LLC Raises Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Inspire Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 11.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,646 shares of the company’s stock after purchasing an additional 5,070 shares during the quarter. Inspire Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at approximately $32,000. NBC Securities Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $34,000. Olistico Wealth LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% in the 3rd quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock worth $38,000 after acquiring an additional 822 shares in the last quarter. Comerica Bank increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 250.0% in the first quarter. Comerica Bank now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 1,500 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1,221.6% during the first quarter. FinTrust Capital Advisors LLC now owns 3,000 shares of the company’s stock worth $81,000 after buying an additional 2,773 shares during the period.

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

CGMS traded down $0.02 during trading hours on Friday, hitting $27.68. The company’s stock had a trading volume of 151,674 shares, compared to its average volume of 372,325. The company has a 50-day simple moving average of $27.71 and a 200 day simple moving average of $27.26. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.00 and a fifty-two week high of $28.00.

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

The firm also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a dividend of $0.1076 per share. The ex-dividend date was Friday, September 27th.

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.