Jacobi Capital Management LLC Buys 59,885 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Jacobi Capital Management LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 340.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,466 shares of the company’s stock after acquiring an additional 59,885 shares during the period. Jacobi Capital Management LLC owned 0.08% of Capital Group U.S. Multi-Sector Income ETF worth $2,115,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Cottage Street Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.3% in the first quarter. Cottage Street Advisors LLC now owns 42,338 shares of the company’s stock valued at $1,156,000 after acquiring an additional 551 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 10.7% in the first quarter. Capital Investment Advisory Services LLC now owns 7,080 shares of the company’s stock valued at $193,000 after acquiring an additional 685 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 42.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,653 shares of the company’s stock valued at $72,000 after acquiring an additional 788 shares in the last quarter. Freedom Investment Management Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.9% in the first quarter. Freedom Investment Management Inc. now owns 17,070 shares of the company’s stock valued at $466,000 after acquiring an additional 799 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $25,000.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.97 on Friday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 10.71 and a beta of 0.40. The business has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $27.36. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.00.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 29th were given a dividend of $0.1371 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) annualized dividend and a yield of 5.9%.

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.