Mutual Advisors LLC Acquires 2,026 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Mutual Advisors LLC lifted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 130,354 shares of the company’s stock after acquiring an additional 2,026 shares during the quarter. Mutual Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $3,499,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CGMU. EverSource Wealth Advisors LLC bought a new stake in Capital Group Municipal Income ETF during the 2nd quarter valued at $119,000. Insigneo Advisory Services LLC bought a new stake in Capital Group Municipal Income ETF during the second quarter valued at about $533,000. Smith Thornton Advisors LLC purchased a new position in Capital Group Municipal Income ETF in the second quarter valued at about $750,000. Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Municipal Income ETF by 42.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock worth $26,528,000 after purchasing an additional 294,477 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Capital Group Municipal Income ETF by 5.9% during the second quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock valued at $181,000 after buying an additional 373 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $26.91 on Friday. The firm’s 50 day moving average price is $27.07 and its 200-day moving average price 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 Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were issued a $0.0674 dividend. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date was Friday, November 29th.

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.