Benjamin Edwards Inc. Has $16.27 Million Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Benjamin Edwards Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 589,077 shares of the company’s stock after acquiring an additional 132,242 shares during the period. Benjamin Edwards Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $16,271,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock worth $968,000 after acquiring an additional 373 shares during the last quarter. Wayfinding Financial LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 0.4% during the third quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock worth $2,931,000 after acquiring an additional 385 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.9% during the third quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock worth $647,000 after acquiring an additional 432 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the fourth quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after acquiring an additional 439 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 1.6% during the third quarter. Signature Estate & Investment Advisors LLC now owns 29,223 shares of the company’s stock worth $811,000 after acquiring an additional 474 shares during the last quarter.

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

Shares of CGMS stock opened at $27.49 on Friday. The firm has a 50 day moving average price of $27.49 and a two-hundred day moving average price of $27.64. The company has a market capitalization of $4.70 billion, a PE ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.88 and a 12-month high of $28.08.

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

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a $0.1148 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.