Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sets New 12-Month Low – Should You Sell?

Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) reached a new 52-week low on Wednesday. The company traded as low as $26.74 and last traded at $26.7350, with a volume of 168933 shares changing hands. The stock had previously closed at $26.87.

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

The stock has a market cap of $5.37 billion, a PE ratio of 10.71 and a beta of 0.29. The company’s 50-day moving average price is $27.05 and its 200 day moving average price is $27.29.

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

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were given a dividend of $0.1595 per share. This represents a $1.91 annualized dividend and a yield of 7.2%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1431. The ex-dividend date was Friday, July 31st.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $53,000. CX Institutional purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth $68,000. IFP Advisors Inc raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 14.8% in the 4th quarter. IFP Advisors Inc now owns 4,306 shares of the company’s stock worth $119,000 after purchasing an additional 555 shares during the period. Allied Private Wealth LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth $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 $186,000.

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.