New England Capital Financial Advisors LLC Acquires 8,378 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

New England Capital Financial Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,388 shares of the company’s stock after purchasing an additional 8,378 shares during the quarter. Capital Group Municipal Income ETF comprises about 1.8% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 13th largest position. New England Capital Financial Advisors LLC owned about 0.54% of Capital Group Municipal Income ETF worth $3,725,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CGMU. MML Investors Services LLC increased its position in Capital Group Municipal Income ETF by 111.7% during the third quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock valued at $33,061,000 after acquiring an additional 635,133 shares during the last quarter. JPMorgan Chase & Co. raised its position in Capital Group Municipal Income ETF by 164,421.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after purchasing an additional 1,109,847 shares during the period. Stifel Financial Corp lifted its stake in Capital Group Municipal Income ETF by 9.4% in the third quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock worth $26,656,000 after purchasing an additional 83,194 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in shares of Capital Group Municipal Income ETF by 19.1% during the third quarter. Great Valley Advisor Group Inc. now owns 905,293 shares of the company’s stock valued at $24,860,000 after buying an additional 145,439 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Capital Group Municipal Income ETF by 3.8% during the fourth quarter. Venturi Wealth Management LLC now owns 767,890 shares of the company’s stock valued at $20,672,000 after buying an additional 28,359 shares during the period.

Capital Group Municipal Income ETF Trading Up 0.1 %

Shares of NYSEARCA CGMU opened at $27.18 on Friday. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week high of $27.54. The business’s 50 day moving average price is $26.99 and its 200-day moving average price is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

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

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.