Thoroughbred Financial Services LLC Makes New Investment in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Thoroughbred Financial Services LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, Holdings Channel reports. The institutional investor bought 19,445 shares of the company’s stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $234,000. Nations Financial Group Inc. IA ADV increased its stake in shares of Capital Group Municipal Income ETF by 21.9% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 16,700 shares of the company’s stock valued at $450,000 after purchasing an additional 3,000 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Capital Group Municipal Income ETF by 5.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 436,825 shares of the company’s stock worth $11,759,000 after buying an additional 23,054 shares during the last quarter. Riggs Capital Management LLC acquired a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at about $237,000. Finally, TrueWealth Advisors LLC grew its position in Capital Group Municipal Income ETF by 17.2% in the fourth quarter. TrueWealth Advisors LLC now owns 28,111 shares of the company’s stock valued at $757,000 after acquiring an additional 4,118 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $26.93 on Friday. The firm has a 50-day moving average price of $27.06 and a 200-day moving average price of $27.12. 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 Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were paid a dividend of $0.0775 per share. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, March 28th.

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.