Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 333,541 shares of the company’s stock after acquiring an additional 11,024 shares during the period. Valmark Advisers Inc. owned about 1.28% of Capital Group U.S. Multi-Sector Income ETF worth $9,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CGMS. Transcendent Capital Group LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $32,000. NBC Securities Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth approximately $34,000. Olistico Wealth LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 149.5% in the third quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock valued at $38,000 after acquiring an additional 822 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $50,000. Finally, Comerica Bank boosted 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.

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

CGMS traded down $0.02 during trading hours on Tuesday, reaching $27.50. 307,549 shares of the stock traded hands, compared to its average volume of 377,212. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.07 and a fifty-two week high of $28.00. The firm’s fifty day simple moving average is $27.72 and its two-hundred day simple moving average is $27.30.

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

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

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.