Nations Financial Group Inc. IA ADV Purchases 3,000 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Nations Financial Group Inc. IA ADV lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,700 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Nations Financial Group Inc. IA ADV owned about 0.07% of Capital Group Municipal Income ETF worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CGN Advisors LLC raised its stake in shares of Capital Group Municipal Income ETF by 5.0% during the fourth quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock valued at $246,000 after acquiring an additional 434 shares during the last quarter. Peterson Wealth Advisors LLC grew its position in shares of Capital Group Municipal Income ETF by 4.7% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 13,726 shares of the company’s stock valued at $377,000 after buying an additional 620 shares during the last quarter. Intergy Private Wealth LLC increased its stake in shares of Capital Group Municipal Income ETF by 2.0% in the fourth quarter. Intergy Private Wealth LLC now owns 37,994 shares of the company’s stock valued at $1,023,000 after buying an additional 751 shares during the period. Northwest Financial Advisors lifted its stake in shares of Capital Group Municipal Income ETF by 7.6% in the fourth quarter. Northwest Financial Advisors now owns 12,835 shares of the company’s stock worth $346,000 after acquiring an additional 910 shares during the period. Finally, ORG Partners LLC bought a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $25,000.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $27.08 on Tuesday. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week high of $27.54. The firm has a 50 day moving average price of $27.01 and a two-hundred day moving average price of $27.19.

Capital Group Municipal Income ETF Cuts Dividend

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