Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Reaches New 12-Month Low – What’s Next?

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $26.39 and last traded at $26.44, with a volume of 1150143 shares traded. The stock had previously closed at $26.54.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1%

The firm has a market cap of $5.32 billion, a P/E ratio of 10.71 and a beta of 0.29. The firm’s 50-day simple moving average is $26.98 and its 200 day simple moving average is $27.26.

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

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.1402 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Tuesday, September 29th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297.

Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF

Several institutional investors have recently bought and sold shares of CGMS. LPL Financial LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the 4th quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after buying an additional 3,616,255 shares during the period. Capital Advantage Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 51.7% in the 2nd quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock valued at $103,627,000 after buying an additional 1,292,902 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 16.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock valued at $248,052,000 after acquiring an additional 1,259,374 shares during the period. Waverly Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $25,993,000. Finally, Valmark Advisers Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% in the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock worth $41,546,000 after acquiring an additional 879,055 shares during the period.

About Capital Group U.S. Multi-Sector Income ETF

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.