Perennial Investment Advisors LLC Has $2.27 Million Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Perennial Investment Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 58.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,144 shares of the company’s stock after purchasing an additional 30,235 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CGMS. PNC Financial Services Group Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at about $27,000. Calton & Associates Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth approximately $32,000. Financial Perspectives Inc raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% in the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock valued at $51,000 after purchasing an additional 692 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth $85,000. Finally, IFP Advisors Inc boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 38.3% during the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after purchasing an additional 1,132 shares during the last quarter.

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

CGMS opened at $27.52 on Tuesday. The business’s 50-day simple moving average is $27.80 and its 200 day simple moving average is $27.58. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.08 and a 52-week high of $28.08. The firm has a market capitalization of $3.49 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The company also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were paid a $0.1654 dividend. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Friday, October 31st.

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