Seamount Financial Group Inc. Takes $303,000 Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Seamount Financial Group Inc. purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,267 shares of the company’s stock, valued at approximately $303,000.

Several other hedge funds also recently added to or reduced their stakes in CGMU. ORG Partners LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at $25,000. Spire Wealth Management purchased a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth about $32,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $35,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of 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 valued at $42,000 after purchasing an additional 1,116 shares during the period.

Capital Group Municipal Income ETF Stock Down 0.1 %

CGMU opened at $27.12 on Friday. Capital Group Municipal Income ETF has a 52 week low of $26.56 and a 52 week high of $27.54. The business’s 50 day moving average is $27.04 and its two-hundred day moving average is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

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

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.