Benjamin Edwards Inc. Takes Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Benjamin Edwards Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 274,347 shares of the company’s stock, valued at approximately $7,638,000.

Several other large investors have also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 27,082 shares of the company’s stock valued at $754,000 after purchasing an additional 465 shares during the period. Lodestone Wealth Management LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 1.2% during the second quarter. Lodestone Wealth Management LLC now owns 40,967 shares of the company’s stock worth $1,103,000 after acquiring an additional 467 shares during the period. Von Berge Wealth Management Group LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the third quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock worth $770,000 after acquiring an additional 482 shares during the period. Continuum Advisory LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 13.1% during the second quarter. Continuum Advisory LLC now owns 5,171 shares of the company’s stock worth $139,000 after acquiring an additional 599 shares during the period. Finally, Capital Planning LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 2.9% during the second quarter. Capital Planning LLC now owns 25,761 shares of the company’s stock worth $693,000 after acquiring an additional 716 shares during the period.

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

NYSEARCA:CGMS opened at $27.64 on Tuesday. The company’s 50-day moving average price is $27.60 and its 200-day moving average price is $27.42. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.32 and a twelve month high of $28.00.

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

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

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.