Perennial Investment Advisors LLC Buys New Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Perennial Investment Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,613 shares of the company’s stock, valued at approximately $644,000. Perennial Investment Advisors LLC owned approximately 0.09% 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 also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 26.6% during the fourth quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock valued at $72,000 after buying an additional 551 shares during the period. Barnes Pettey Financial Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 6.2% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 11,624 shares of the company’s stock valued at $317,000 after acquiring an additional 683 shares during the last quarter. CAP Partners LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.2% during the 4th quarter. CAP Partners LLC now owns 19,688 shares of the company’s stock worth $537,000 after purchasing an additional 794 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.3% during the fourth quarter. Arkadios Wealth Advisors now owns 11,718 shares of the company’s stock worth $320,000 after purchasing an additional 795 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 3.8% in the fourth quarter. Waterfront Wealth Inc. now owns 21,800 shares of the company’s stock valued at $595,000 after purchasing an additional 798 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.8 %

NYSEARCA CGMS opened at $26.98 on Friday. The business’s 50-day moving average price is $27.47 and its 200 day moving average price is $27.51. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.49 and a twelve month high of $28.00. The company has a market capitalization of $2.53 billion, a PE ratio of 10.83 and a beta of 0.36.

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

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were issued a dividend of $0.1376 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date was Friday, March 28th.

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.