Riggs Capital Management LLC Purchases New Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Riggs Capital Management LLC purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,794 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors have also recently added to or reduced their stakes in CGMU. ORG Partners LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter worth about $25,000. Spire Wealth Management bought a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at about $25,000. Pinnacle Bancorp Inc. acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter valued at approximately $35,000. Rosenberg Matthew Hamilton bought a new position in Capital Group Municipal Income ETF during the 4th quarter worth approximately $56,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Capital Group Municipal Income ETF by 56.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,394 shares of the company’s stock worth $64,000 after buying an additional 863 shares during the last quarter.

Capital Group Municipal Income ETF Trading Up 0.0 %

Shares of NYSEARCA CGMU opened at $26.76 on Monday. Capital Group Municipal Income ETF has a twelve month low of $26.56 and a twelve month high of $27.54. The business has a 50 day simple moving average of $27.06 and a 200-day simple moving average of $27.14.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 28th will be paid a dividend of $0.0775 per share. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.06. The ex-dividend date of this dividend is Friday, March 28th.

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.