Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Hits New 12-Month High – Still a Buy?

Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) reached a new 52-week high on Thursday . The company traded as high as $28.78 and last traded at $27.38, with a volume of 202 shares. The stock had previously closed at $27.42.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.1 %

The business’s 50 day simple moving average is $27.43 and its two-hundred day simple moving average is $27.51.

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

The company also recently disclosed a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were given a $0.127 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, November 29th.

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

A number of hedge funds have recently made changes to their positions in the business. Great Valley Advisor Group Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at about $46,477,000. Commonwealth Equity Services LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 26.5% in the third quarter. Commonwealth Equity Services LLC now owns 1,531,827 shares of the company’s stock valued at $42,646,000 after purchasing an additional 320,620 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 58.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,293,693 shares of the company’s stock worth $36,016,000 after acquiring an additional 479,500 shares during the last quarter. Cetera Investment Advisers lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 185.8% during the second quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after purchasing an additional 594,834 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 25.4% in the fourth quarter. Winch Advisory Services LLC now owns 719,243 shares of the company’s stock worth $19,621,000 after buying an additional 145,538 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.