JPMorgan Chase & Co. Buys 5,802 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

JPMorgan Chase & Co. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 6.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 94,497 shares of the company’s stock after acquiring an additional 5,802 shares during the quarter. JPMorgan Chase & Co. owned about 0.36% of Capital Group U.S. Multi-Sector Income ETF worth $2,578,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CGMS. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $51,000. VisionPoint Advisory Group LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $59,000. Larson Financial Group LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 26.6% during the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock worth $72,000 after buying an additional 551 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $74,000. Finally, HHM Wealth Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $74,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.2 %

CGMS stock opened at $26.73 on Wednesday. The firm has a 50-day moving average price of $27.23 and a 200-day moving average price of $27.39. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.00. The stock has a market capitalization of $2.51 billion, a P/E ratio of 10.83 and a beta of 0.36.

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

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were paid a $0.1376 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date was Friday, March 28th.

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.