Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Declares $0.13 Monthly Dividend

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) announced a monthly dividend on Wednesday, November 26th. Investors of record on Friday, November 28th will be given a dividend of 0.1266 per share on Monday, December 1st. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, November 28th.

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

CGMS opened at $27.86 on Thursday. The business has a fifty day simple moving average of $27.76 and a 200 day simple moving average of $27.61. 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 capitalization of $3.53 billion, a PE ratio of 10.71 and a beta of 0.34.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 27.2% in the 3rd 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 period. Raymond James Financial Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the third quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock worth $120,404,000 after buying an additional 360,166 shares in the last quarter. UBS Group AG increased its stake in Capital Group U.S. Multi-Sector Income ETF by 49.2% during the 3rd quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after acquiring an additional 1,162,393 shares during the period. Commonwealth Equity Services LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 14.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,758,629 shares of the company’s stock worth $76,552,000 after acquiring an additional 357,831 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.0% in the 2nd quarter. Cetera Investment Advisers now owns 2,690,563 shares of the company’s stock valued at $74,313,000 after acquiring an additional 429,051 shares in 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.