Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Acquired by Comerica Bank

Comerica Bank increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 176.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,451 shares of the company’s stock after purchasing an additional 7,304 shares during the period. Comerica Bank’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CGMS. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $51,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $59,000. GeoWealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $61,000. Larson Financial Group LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 26.6% during the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock worth $72,000 after acquiring an additional 551 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its stake in 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 worth $74,000 after acquiring an additional 907 shares in the last quarter.

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

NYSEARCA CGMS opened at $27.17 on Friday. The firm has a market cap of $2.63 billion, a PE ratio of 10.71 and a beta of 0.36. 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 firm’s fifty day moving average is $27.04 and its two-hundred day moving average is $27.32.

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

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

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.