Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sets New 1-Year 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 Wednesday . The stock traded as low as $26.74 and last traded at $26.7350, with a volume of 168933 shares. The stock had previously closed at $26.87.

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

The stock has a market cap of $5.25 billion, a P/E ratio of 10.71 and a beta of 0.29. The firm’s fifty day moving average price is $27.08 and its two-hundred day moving average price is $27.31.

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. Investors 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 yield of 7.2%. The ex-dividend date of this dividend was Friday, July 31st.

Institutional Trading of Capital Group U.S. Multi-Sector Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in CGMS. LPL Financial LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock valued at $424,432,000 after acquiring an additional 3,616,255 shares during the last quarter. Cetera Investment Advisers lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock worth $116,984,000 after purchasing an additional 646,551 shares during the last quarter. Capital Advantage Inc. boosted its holdings in shares of 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 worth $103,627,000 after purchasing an additional 1,292,902 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.9% in the 4th quarter. Great Valley Advisor Group Inc. now owns 3,024,203 shares of the company’s stock worth $83,528,000 after purchasing an additional 368,131 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 19.5% during the 1st quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock valued at $48,656,000 after purchasing an additional 291,066 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.