Koshinski Asset Management Inc. Acquires 46,576 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Koshinski Asset Management Inc. increased its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,146 shares of the company’s stock after purchasing an additional 46,576 shares during the period. Koshinski Asset Management Inc. owned approximately 0.75% of Capital Group Municipal Income ETF worth $5,146,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CGMU. ORG Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $32,000. Pinnacle Bancorp Inc. acquired a new stake in Capital Group Municipal Income ETF in the 4th quarter worth approximately $35,000. Creative Financial Designs Inc. ADV boosted its position in Capital Group Municipal Income ETF by 268.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after purchasing an additional 1,116 shares during the period. Finally, Rosenberg Matthew Hamilton acquired a new position in Capital Group Municipal Income ETF during the fourth quarter valued at approximately $56,000.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU opened at $26.93 on Tuesday. The company’s 50 day moving average is $27.08 and its 200-day moving average is $27.20. 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 Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.0674 per share. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date was Friday, November 29th.

Capital Group Municipal Income ETF Company 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.