EQ Wealth Advisors LLC Invests $2.55 Million in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

EQ Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 94,762 shares of the company’s stock, valued at approximately $2,551,000. Capital Group Municipal Income ETF comprises about 2.2% of EQ Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of CGMU. ORG Partners LLC acquired a new position in Capital Group Municipal Income ETF during the 4th quarter valued at about $25,000. Spire Wealth Management bought a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter valued at approximately $32,000. Pinnacle Bancorp Inc. acquired a new position in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $35,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Capital Group Municipal Income ETF by 268.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after acquiring an additional 1,116 shares during the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1 %

Shares of Capital Group Municipal Income ETF stock opened at $27.05 on Monday. The firm has a fifty day moving average of $27.06 and a two-hundred day moving average of $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 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 31st will be issued a $0.0626 dividend. The ex-dividend date is Friday, January 31st.

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.