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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) hit a new 52-week low on Wednesday . The company 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 firm has a 50-day moving average of $27.17 and a 200-day moving average of $27.37. The firm has a market capitalization 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 firm also recently declared 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) annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Friday, July 31st.

Institutional Investors Weigh In On Capital Group U.S. Multi-Sector Income ETF

Several institutional investors have recently modified their holdings of the business. LPL Financial LLC increased 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 worth $424,432,000 after buying an additional 3,616,255 shares in the last quarter. Morgan Stanley lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 2.8% during the 4th quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock valued at $185,035,000 after acquiring an additional 183,781 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after acquiring an additional 1,658,572 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% during the 4th quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock valued at $143,686,000 after acquiring an additional 863,369 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock worth $116,984,000 after acquiring an additional 646,551 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Company Profile

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.