Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.9% during the third quarter, HoldingsChannel.com reports. The firm owned 88,695 shares of the company’s stock after selling 3,595 shares during the period. JPMorgan Chase & Co.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,469,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $31,000. NBC Securities Inc. bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $34,000. Olistico Wealth LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 149.5% during the 3rd quarter. Olistico Wealth LLC now owns 1,372 shares of the company’s stock valued at $38,000 after buying an additional 822 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $50,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at about $84,000.

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

Shares of NYSEARCA:CGMS opened at $27.39 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.49 and a fifty-two week high of $28.00. The firm has a 50-day simple moving average of $27.43 and a 200 day simple moving average of $27.51.

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

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

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.