Bay Colony Advisory Group Inc d b a Bay Colony Advisors Takes $2.89 Million Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 107,358 shares of the company’s stock, valued at approximately $2,890,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned approximately 0.42% of Capital Group Municipal Income ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CGN Advisors LLC boosted its stake in shares of Capital Group Municipal Income ETF by 5.0% in the 4th quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock valued at $246,000 after purchasing an additional 434 shares in the last quarter. Atria Investments Inc lifted its position in Capital Group Municipal Income ETF by 0.6% during the 4th quarter. Atria Investments Inc now owns 111,863 shares of the company’s stock worth $3,011,000 after buying an additional 627 shares in the last quarter. Sigma Planning Corp lifted its position in Capital Group Municipal Income ETF by 5.5% during the 4th quarter. Sigma Planning Corp now owns 12,676 shares of the company’s stock worth $341,000 after buying an additional 658 shares in the last quarter. Intergy Private Wealth LLC lifted its position in Capital Group Municipal Income ETF by 2.0% during the 4th quarter. Intergy Private Wealth LLC now owns 37,994 shares of the company’s stock worth $1,023,000 after buying an additional 751 shares in the last quarter. Finally, Peterson Wealth Advisors LLC lifted its position in 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 buying an additional 867 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.2 %

Shares of NYSEARCA CGMU opened at $27.13 on Friday. The firm’s 50-day simple moving average is $27.04 and its 200 day simple moving average is $27.19. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

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