Mutual Advisors LLC Buys 5,005 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Mutual Advisors LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,328 shares of the company’s stock after purchasing an additional 5,005 shares during the quarter. Mutual Advisors LLC owned 0.51% of Capital Group Municipal Income ETF worth $3,475,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CGMU. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Capital Group Municipal Income ETF in the 2nd quarter valued at approximately $64,000. CWM LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at approximately $97,000. ICA Group Wealth Management LLC lifted its position in shares of Capital Group Municipal Income ETF by 135.8% in the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock worth $105,000 after purchasing an additional 2,251 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the second quarter worth $119,000. Finally, Sunbelt Securities Inc. grew its position in Capital Group Municipal Income ETF by 5.9% in the second quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock valued at $181,000 after purchasing an additional 373 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.10 on Thursday. The firm’s fifty day moving average price is $27.36 and its two-hundred day moving average price is $27.10. Capital Group Municipal Income ETF has a 1 year low of $25.32 and a 1 year high of $27.54.

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 given a dividend of $0.0672 per share. 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 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.