Prime Capital Investment Advisors LLC Acquires Shares of 24,190 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Prime Capital Investment Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,190 shares of the company’s stock, valued at approximately $673,000. Prime Capital Investment Advisors LLC owned approximately 0.09% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Harbour Investments Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 5.3% in the 3rd quarter. Harbour Investments Inc. now owns 195,416 shares of the company’s stock valued at $5,440,000 after buying an additional 9,829 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 213.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 47,002 shares of the company’s stock worth $1,309,000 after acquiring an additional 31,988 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock worth $754,000 after acquiring an additional 465 shares in the last quarter. Bond & Devick Financial Network Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 788.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 89,339 shares of the company’s stock valued at $2,487,000 after acquiring an additional 79,279 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $31,000.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.0 %

Shares of CGMS stock opened at $27.40 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $25.91 and a fifty-two week high of $28.00. The stock’s fifty day moving average price is $27.66 and its two-hundred day moving average price is $27.36.

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

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.1076 dividend. 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.