Stephens Inc. AR Has $1.26 Million Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Stephens Inc. AR grew its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,840 shares of the company’s stock after buying an additional 5,445 shares during the period. Stephens Inc. AR’s holdings in Capital Group Municipal Income ETF were worth $1,261,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CGMU. ORG Partners LLC acquired a new position in Capital Group Municipal Income ETF in the 4th quarter valued at $25,000. Spire Wealth Management bought a new stake in Capital Group Municipal Income ETF during the fourth quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at about $32,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at about $35,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Capital Group Municipal Income ETF by 268.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after purchasing an additional 1,116 shares during the last quarter.

Capital Group Municipal Income ETF Stock Down 0.3 %

CGMU opened at $27.03 on Thursday. The stock’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $27.19. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a dividend of $0.0626 per share. The ex-dividend date of this dividend was 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.