Rockefeller Capital Management L.P. Purchases Shares of 288,712 Capital Group U.S. Multi-Sector Income ETF $CGMS

Rockefeller Capital Management L.P. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 288,712 shares of the company’s stock, valued at approximately $7,974,000.

Several other institutional investors have also recently made changes to their positions in CGMS. PNC Financial Services Group Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at approximately $27,000. Financial Perspectives Inc raised its position in 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 worth $51,000 after acquiring an additional 692 shares during the period. Vermillion & White Wealth Management Group LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the first quarter worth approximately $85,000. IFP Advisors Inc boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 38.3% during the 2nd quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after acquiring an additional 1,132 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 67.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock valued at $126,000 after acquiring an additional 1,836 shares during the period.

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

NYSEARCA:CGMS opened at $27.58 on Friday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The business has a fifty day moving average price of $27.78 and a 200-day moving average price of $27.58. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.

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

The business also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were given a $0.1654 dividend. The ex-dividend date was Friday, October 31st. This is a positive change 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%.

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.