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 – Get Free Report) 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 company’s fifty day moving average price is $27.08 and its 200 day moving average price is $27.31. The company has a market cap of $5.25 billion, a PE ratio of 10.71 and a beta of 0.29.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a $0.1595 dividend. 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. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14.

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

Hedge funds have recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $53,000. CX Institutional purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter worth about $68,000. IFP Advisors Inc boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 14.8% in the fourth quarter. IFP Advisors Inc now owns 4,306 shares of the company’s stock valued at $119,000 after acquiring an additional 555 shares during the period. Allied Private Wealth LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at approximately $124,000. Finally, Godfrey Financial Associates Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $186,000.

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

(Get Free Report)

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.

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