Turning Point Benefit Group Inc. Takes Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Posted by Tammy Falkenburg on Feb 22nd, 2025

Turning Point Benefit Group Inc. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 60,572 shares of the company’s stock, valued at approximately $1,642,000. Capital Group U.S. Multi-Sector Income ETF makes up approximately 1.6% of Turning Point Benefit Group Inc.’s holdings, making the stock its 10th biggest holding. Turning Point Benefit Group Inc. owned 0.23% of Capital Group U.S. Multi-Sector Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of CGMS. Ashton Thomas Securities LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $31,000. Strategic Investment Solutions Inc. IL purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $51,000. VisionPoint Advisory Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $59,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $74,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0 %

CGMS opened at $27.57 on Friday. The stock has a 50-day moving average of $27.39 and a 200-day moving average of $27.54. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.49 and a 52-week high of $28.00.

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

The business also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a dividend of $0.1089 per share. The ex-dividend date was Friday, January 31st.

Capital Group U.S. Multi-Sector Income ETF Profile

(Free Report)

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.