M.E. Allison & CO. Inc. Acquires Shares of 8,895 Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

M.E. Allison & CO. Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,895 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $31,000. NBC Securities Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $34,000. Olistico Wealth LLC boosted its holdings 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 during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at approximately $50,000. Finally, 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 worth approximately $51,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.39 on Monday. The stock’s 50 day moving average price is $27.43 and its two-hundred day moving average price is $27.51. 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 Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were paid a dividend of $0.127 per share. The ex-dividend date was Friday, November 29th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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

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.