Jones Financial Companies Lllp Acquires 206,240 Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Jones Financial Companies Lllp increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 92.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,385 shares of the company’s stock after acquiring an additional 206,240 shares during the quarter. Jones Financial Companies Lllp owned approximately 1.65% of Capital Group U.S. Multi-Sector Income ETF worth $11,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $51,000. VisionPoint Advisory Group LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $59,000. AdvisorNet Financial Inc bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $74,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $74,000.

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

CGMS opened at $27.63 on Tuesday. The firm has a 50-day moving average price of $27.41 and a 200-day moving average price of $27.56. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.49 and a twelve month high of $28.00. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.63 and a beta of 0.39.

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

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a $0.1089 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.