Cullen Frost Bankers Inc. Purchases 13,950 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Cullen Frost Bankers Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,714 shares of the company’s stock after purchasing an additional 13,950 shares during the quarter. Cullen Frost Bankers Inc. owned 0.31% of Capital Group U.S. Multi-Sector Income ETF worth $2,202,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $51,000. VisionPoint Advisory Group LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $59,000. AdvisorNet Financial Inc bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $74,000. Finally, HHM Wealth Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $74,000.

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

Shares of CGMS opened at $27.51 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.49 and a 1 year high of $28.00. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 16.63 and a beta of 0.39. The business has a 50-day moving average of $27.44 and a 200-day moving average of $27.56.

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

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a dividend of $0.1089 per share. The ex-dividend date of this dividend 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.