Jones Financial Companies Lllp Has $29.91 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Jones Financial Companies Lllp increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 27.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,074,197 shares of the company’s stock after purchasing an additional 233,265 shares during the period. Jones Financial Companies Lllp’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $29,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGMS. Focus Partners Wealth acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $1,048,000. Janney Montgomery Scott LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 19.7% during the second quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock worth $4,030,000 after acquiring an additional 24,055 shares during the period. Truist Financial Corp raised its stake in Capital Group U.S. Multi-Sector Income ETF by 37.0% during the 2nd quarter. Truist Financial Corp now owns 67,256 shares of the company’s stock valued at $1,831,000 after purchasing an additional 18,161 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 22,884 shares of the company’s stock valued at $632,000 after purchasing an additional 978 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 197.8% in the 2nd quarter. Merit Financial Group LLC now owns 148,581 shares of the company’s stock valued at $4,104,000 after purchasing an additional 98,685 shares during the period.

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

NYSEARCA:CGMS opened at $27.66 on Wednesday. The firm’s 50-day moving average is $27.71 and its 200-day moving average is $27.73. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. 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 Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were given a $0.1114 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

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.