Benjamin Edwards Inc. Has $12.68 Million Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Benjamin Edwards Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 456,835 shares of the company’s stock after buying an additional 58,349 shares during the period. Benjamin Edwards Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $12,677,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Financial Perspectives Inc grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% in the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after acquiring an additional 692 shares during the last quarter. IFP Advisors Inc raised its stake in Capital Group U.S. Multi-Sector Income ETF by 38.3% during the 2nd quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after purchasing an additional 1,132 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 67.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock valued at $126,000 after purchasing an additional 1,836 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 88.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,005 shares of the company’s stock worth $138,000 after purchasing an additional 2,352 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth $204,000.

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

Shares of CGMS opened at $27.68 on Friday. The company has a 50-day simple moving average of $27.67 and a 200-day simple moving average of $27.71. The firm has a market capitalization of $3.98 billion, a P/E 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 Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a dividend of $0.1662 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date was Wednesday, December 24th.

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.