Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 65.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,053 shares of the company’s stock after acquiring an additional 58,858 shares during the period. JPMorgan Chase & Co. owned about 0.12% of Capital Group U.S. Multi-Sector Income ETF worth $4,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CGMS. Focus Partners Wealth acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth about $1,048,000. EverSource Wealth Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at approximately $312,000. Baird Financial Group Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.5% during the 2nd quarter. Baird Financial Group Inc. now owns 689,032 shares of the company’s stock worth $19,031,000 after purchasing an additional 10,157 shares during the last quarter. Gateway Wealth Partners LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 52.5% during the 2nd quarter. Gateway Wealth Partners LLC now owns 22,482 shares of the company’s stock worth $621,000 after purchasing an additional 7,737 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 17.4% in the 2nd quarter. Strategic Family Wealth Counselors L.L.C. now owns 183,258 shares of the company’s stock valued at $5,062,000 after purchasing an additional 27,205 shares in the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.36 on Friday. The stock has a market cap of $4.53 billion, a P/E ratio of 10.71 and a beta of 0.34. The stock has a 50 day moving average of $27.55 and a 200-day moving average of $27.67. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08.

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

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.1148 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th.

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