Bay Colony Advisory Group Inc d b a Bay Colony Advisors Makes New Investment in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 45,567 shares of the company’s stock, valued at approximately $1,269,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned approximately 0.18% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at about $32,000. NBC Securities Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $34,000. Olistico Wealth LLC increased its holdings in 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 valued at $38,000 after buying an additional 822 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $50,000. Finally, Comerica Bank increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 250.0% in the 1st quarter. Comerica Bank now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 1,500 shares during the period.

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

CGMS stock traded up $0.01 during mid-day trading on Monday, hitting $27.52. The stock had a trading volume of 14,768 shares, compared to its average volume of 374,985. The firm has a fifty day simple moving average of $27.72 and a 200 day simple moving average of $27.29. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $25.07 and a 52 week high of $28.00.

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

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued 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.