Principal Securities Inc. Raises Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Principal Securities Inc. raised its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,656 shares of the company’s stock after purchasing an additional 22,832 shares during the quarter. Principal Securities Inc. owned 0.65% of Capital Group Municipal Income ETF worth $4,459,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. ORG Partners LLC purchased a new stake in Capital Group Municipal Income ETF in the 4th quarter valued at about $25,000. Spire Wealth Management purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $32,000. Pinnacle Bancorp Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the 4th quarter worth approximately $35,000. Finally, Creative Financial Designs Inc. ADV boosted 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 period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $27.08 on Monday. The business’s 50 day moving average is $27.01 and its two-hundred day 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 Cuts Dividend

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

About Capital Group Municipal Income ETF

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.