Mutual Advisors LLC Boosts Stock Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Mutual Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,354 shares of the company’s stock after purchasing an additional 2,026 shares during the quarter. Mutual Advisors LLC owned about 0.51% of Capital Group Municipal Income ETF worth $3,499,000 as of its most recent SEC filing.

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

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $26.91 on Friday. The business has a fifty day moving average of $27.07 and a 200 day moving average of $27.19. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week 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. Stockholders of record on Friday, November 29th were issued a $0.0674 dividend. The ex-dividend date was Friday, November 29th. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07.

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.