Saxony Capital Management LLC Buys 4,858 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Saxony Capital Management LLC boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 53.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,986 shares of the company’s stock after buying an additional 4,858 shares during the quarter. Saxony Capital Management LLC owned approximately 0.06% of Capital Group Municipal Income ETF worth $384,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CGMU. Cetera Investment Advisers grew its holdings in shares of Capital Group Municipal Income ETF by 199.4% in the first quarter. Cetera Investment Advisers now owns 718,847 shares of the company’s stock worth $19,416,000 after purchasing an additional 478,759 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Capital Group Municipal Income ETF by 42.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock worth $26,528,000 after buying an additional 294,477 shares during the last quarter. LPL Financial LLC raised its position in Capital Group Municipal Income ETF by 32.0% during the 2nd quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock worth $32,042,000 after buying an additional 289,638 shares during the last quarter. Koshinski Asset Management Inc. raised its position in Capital Group Municipal Income ETF by 844.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 134,080 shares of the company’s stock worth $3,622,000 after buying an additional 119,889 shares during the last quarter. Finally, Capital Group Private Client Services Inc. grew its stake in shares of Capital Group Municipal Income ETF by 22.9% during the 1st quarter. Capital Group Private Client Services Inc. now owns 575,613 shares of the company’s stock worth $15,547,000 after purchasing an additional 107,429 shares during the period.

Capital Group Municipal Income ETF Stock Down 0.1 %

Shares of NYSEARCA CGMU opened at $27.21 on Wednesday. Capital Group Municipal Income ETF has a 12 month low of $25.32 and a 12 month high of $27.54. The firm’s 50 day simple moving average is $27.38 and its 200-day simple moving average is $27.08.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were paid a $0.0672 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.05.

Capital Group Municipal Income ETF Profile

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.