Capital Group U.S. Multi-Sector Income ETF (CGMS) To Go Ex-Dividend on December 24th

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) announced a monthly dividend on Tuesday, December 23rd. Shareholders of record on Wednesday, December 24th will be paid a dividend of 0.1662 per share on Friday, December 26th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Wednesday, December 24th. This is a 31.3% increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.4%

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.66 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08. The company has a market cap of $3.50 billion, a PE ratio of 10.71 and a beta of 0.34. The company’s 50-day moving average is $27.72 and its two-hundred day moving average is $27.69.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Advantage Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $58,232,000. UBS Group AG grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% during the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after purchasing an additional 1,162,393 shares during the period. Envestnet Asset Management Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 27.2% in the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock valued at $149,867,000 after purchasing an additional 1,155,945 shares during the last quarter. CWM LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 441.9% in the second quarter. CWM LLC now owns 929,285 shares of the company’s stock valued at $25,667,000 after buying an additional 757,795 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 19.0% in the second quarter. Cetera Investment Advisers now owns 2,690,563 shares of the company’s stock valued at $74,313,000 after buying an additional 429,051 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.