Nwam LLC Invests $375,000 in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Nwam LLC purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,912 shares of the company’s stock, valued at approximately $375,000. Nwam LLC owned 0.05% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGMU. CGN Advisors LLC boosted its position in shares of Capital Group Municipal Income ETF by 5.0% in 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 period. Sigma Planning Corp raised its stake in Capital Group Municipal Income ETF by 5.5% in the 4th quarter. Sigma Planning Corp now owns 12,676 shares of the company’s stock worth $341,000 after purchasing an additional 658 shares in the last quarter. Intergy Private Wealth LLC boosted its holdings in Capital Group Municipal Income ETF by 2.0% in the 4th quarter. Intergy Private Wealth LLC now owns 37,994 shares of the company’s stock valued at $1,023,000 after purchasing an additional 751 shares during the period. Peterson Wealth Advisors LLC grew its position in shares of Capital Group Municipal Income ETF by 6.3% during the 4th quarter. Peterson Wealth Advisors LLC now owns 14,593 shares of the company’s stock worth $393,000 after purchasing an additional 867 shares in the last quarter. Finally, Northwest Financial Advisors increased its holdings in shares of Capital Group Municipal Income ETF by 7.6% during the fourth quarter. Northwest Financial Advisors now owns 12,835 shares of the company’s stock worth $346,000 after purchasing an additional 910 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.3 %

NYSEARCA CGMU opened at $27.26 on Friday. Capital Group Municipal Income ETF has a 1-year low of $26.56 and a 1-year high of $27.54. The company has a 50 day moving average of $27.02 and a 200-day moving average of $27.19.

Capital Group Municipal Income ETF Cuts Dividend

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