Ascent Group LLC Purchases New Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Ascent Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,595 shares of the company’s stock, valued at approximately $566,000. Ascent Group LLC owned approximately 0.08% of Capital Group Municipal Income ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CGMU. Transcendent Capital Group LLC bought a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth approximately $32,000. Creative Financial Designs Inc. ADV grew its position in Capital Group Municipal Income ETF by 268.9% in 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. CWM LLC bought a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth approximately $97,000. ICA Group Wealth Management LLC grew its position in Capital Group Municipal Income ETF by 135.8% in the 2nd 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 during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in Capital Group Municipal Income ETF in the 2nd quarter worth approximately $119,000.

Capital Group Municipal Income ETF Stock Up 0.3 %

NYSEARCA:CGMU opened at $27.37 on Thursday. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54. The company has a 50 day simple moving average of $27.24 and a two-hundred day simple moving average of $27.16.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.0674 per share. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date was Friday, November 29th.

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.