Turning Point Benefit Group Inc. Raises Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Turning Point Benefit Group Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 41.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 273,329 shares of the company’s stock after purchasing an additional 79,497 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 3.9% of Turning Point Benefit Group Inc.’s holdings, making the stock its 5th biggest position. Turning Point Benefit Group Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $7,549,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 27.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock worth $149,867,000 after purchasing an additional 1,155,945 shares during the period. UBS Group AG raised its stake in Capital Group U.S. Multi-Sector Income ETF by 25.2% during the 4th quarter. UBS Group AG now owns 4,413,157 shares of the company’s stock worth $121,891,000 after acquiring an additional 888,212 shares during the period. Raymond James Financial Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the 3rd quarter. Raymond James Financial Inc. now owns 4,338,890 shares of the company’s stock worth $120,404,000 after acquiring an additional 360,166 shares during the period. Commonwealth Equity Services LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 14.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,758,629 shares of the company’s stock worth $76,552,000 after acquiring an additional 357,831 shares during the period. Finally, Capital Advantage Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 6.4% during the 4th quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock worth $63,752,000 after acquiring an additional 138,954 shares during the period.

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

NYSEARCA CGMS opened at $27.64 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.88 and a 12 month high of $28.08. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 10.71 and a beta of 0.33. The company’s 50 day moving average is $27.50 and its two-hundred day moving average is $27.64.

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

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.1148 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. 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.

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.