Cullen Frost Bankers Inc. Boosts Stock Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Cullen Frost Bankers Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 20.9% during the 4th quarter, Holdings Channel reports. The firm owned 80,714 shares of the company’s stock after acquiring an additional 13,950 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $51,000. VisionPoint Advisory Group LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $59,000. AdvisorNet Financial Inc purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $74,000. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $74,000.

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

Shares of NYSEARCA CGMS opened at $27.51 on Friday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00. The business’s fifty day moving average price is $27.44 and its 200-day moving average price is $27.56. The stock has a market capitalization of $2.42 billion, a PE ratio of 16.63 and a beta of 0.39.

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

The company also recently declared 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.