Perennial Investment Advisors LLC Buys New Holdings 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, Holdings Channel.com reports. The fund purchased 23,613 shares of the company’s stock, valued at approximately $644,000.

A number of other large investors also recently modified their holdings of CGMS. LPL Financial LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 70.2% during the 4th quarter. LPL Financial LLC now owns 5,445,346 shares of the company’s stock worth $148,549,000 after purchasing an additional 2,245,608 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $40,790,000. Wells Fargo & Company MN increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 40.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,913,313 shares of the company’s stock worth $52,195,000 after acquiring an additional 546,392 shares in the last quarter. Stifel Financial Corp increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 453.4% in the third quarter. Stifel Financial Corp now owns 497,812 shares of the company’s stock worth $13,859,000 after acquiring an additional 407,858 shares in the last quarter. Finally, Atria Investments Inc raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 990.3% in the 4th quarter. Atria Investments Inc now owns 434,488 shares of the company’s stock valued at $11,853,000 after acquiring an additional 394,636 shares during the period.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $26.98 on Friday. 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 stock has a market cap of $2.53 billion, a price-to-earnings ratio of 10.83 and a beta of 0.36. The company has a fifty day moving average price of $27.47 and a 200 day moving average price of $27.51.

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

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were given a $0.1376 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11. The ex-dividend date of this dividend 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.