Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) to Issue Dividend Increase – $0.11 Per Share

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) announced a monthly dividend on Thursday, February 26th. Investors of record on Friday, February 27th will be paid a dividend of 0.1148 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, February 27th. This is a 3.1% increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.5%

Shares of CGMS stock traded down $0.15 during trading hours on Friday, hitting $27.69. 458,886 shares of the company were exchanged, compared to its average volume of 1,085,076. The business has a 50 day moving average of $27.73 and a two-hundred day moving average of $27.75. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The company has a market capitalization of $4.19 billion, a PE ratio of 10.71 and a beta of 0.34.

Institutional Investors Weigh In On Capital Group U.S. Multi-Sector Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.1% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock valued at $968,000 after purchasing an additional 373 shares in the last quarter. Wayfinding Financial LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% in the 3rd quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock valued at $2,931,000 after acquiring an additional 385 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 1.9% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock worth $647,000 after buying an additional 432 shares during the period. Apollon Wealth Management LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the fourth quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after buying an additional 439 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 2.8% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock valued at $455,000 after buying an additional 445 shares during the last quarter.

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.