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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $26.92 and last traded at $26.9250, with a volume of 248202 shares traded. The stock had previously closed at $26.99.

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

The stock has a 50-day moving average of $27.17 and a two-hundred day moving average of $27.37. The company has a market cap of $5.30 billion, a P/E ratio of 10.71 and a beta of 0.29.

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

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a $0.1595 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, July 31st.

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

Several large investors have recently modified their holdings of CGMS. Burford Brothers Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.4% in the 1st quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after purchasing an additional 414 shares in the last quarter. Bridgewealth Advisory Group LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 2.8% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock valued at $455,000 after purchasing an additional 445 shares in the last quarter. Trilogy Capital Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.2% in the second quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock worth $1,092,000 after buying an additional 480 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 29,711 shares of the company’s stock worth $821,000 after buying an additional 488 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% in the first quarter. Total Clarity Wealth Management Inc. now owns 110,996 shares of the company’s stock worth $3,022,000 after buying an additional 488 shares in 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.