Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sets New 52-Week Low – Here’s Why

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSGet Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $26.74 and last traded at $26.79, with a volume of 1104025 shares. The stock had previously closed at $26.81.

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

The business has a 50 day simple moving average of $27.11 and a 200-day simple moving average of $27.33. The stock has a market capitalization of $5.27 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 company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were issued a $0.1595 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, July 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the 4th 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 raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the 1st 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 in the last quarter. Capital Advantage Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 51.7% during the second quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock valued at $103,627,000 after purchasing an additional 1,292,902 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 13.9% during the fourth quarter. Great Valley Advisor Group Inc. now owns 3,024,203 shares of the company’s stock worth $83,528,000 after buying an additional 368,131 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Capital Group U.S. Multi-Sector Income ETF by 19.5% in the first quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock worth $48,656,000 after buying an additional 291,066 shares during the last quarter.

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.

Further Reading

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