Apollon Wealth Management LLC Grows Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Apollon Wealth Management LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 33.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 62,665 shares of the company’s stock after acquiring an additional 15,663 shares during the quarter. Apollon Wealth Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,709,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at $31,000. NBC Securities Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $34,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $50,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $51,000. Finally, AdvisorNet Financial Inc purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $74,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.47 on Tuesday. The business has a 50 day simple moving average of $27.42 and a 200-day simple moving average of $27.54. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.49 and a 12 month 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, February 3rd. Investors of record on Friday, January 31st were issued a $0.1089 dividend. The ex-dividend date was Friday, January 31st.

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.