LongView Wealth Management Acquires 5,603 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

LongView Wealth Management increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,491 shares of the company’s stock after purchasing an additional 5,603 shares during the period. LongView Wealth Management owned approximately 0.18% of Capital Group Municipal Income ETF worth $1,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James & Associates boosted its holdings in shares of Capital Group Municipal Income ETF by 19.9% in the third quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock valued at $4,069,000 after buying an additional 24,598 shares during the period. Smith Thornton Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF in the second quarter valued at about $750,000. Thrive Wealth Management LLC boosted its position in Capital Group Municipal Income ETF by 49.5% during the 3rd quarter. Thrive Wealth Management LLC now owns 47,313 shares of the company’s stock worth $1,299,000 after acquiring an additional 15,659 shares during the last quarter. CWM LLC bought a new position in Capital Group Municipal Income ETF in the third quarter valued at $97,000. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Capital Group Municipal Income ETF by 65.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 13,700 shares of the company’s stock worth $376,000 after buying an additional 5,400 shares during the last quarter.

Capital Group Municipal Income ETF Trading Up 0.3 %

CGMU opened at $26.93 on Friday. The business’s 50-day simple moving average is $27.08 and its 200 day simple moving average is $27.19. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were issued a $0.0674 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.07.

Capital Group Municipal Income ETF Company 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.