Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 1,240.3% in the 4th quarter, HoldingsChannel reports. The firm owned 624,857 shares of the company’s stock after purchasing an additional 578,236 shares during the quarter. Capital Group Municipal Income ETF makes up 1.1% of Confluence Wealth Services Inc.’s holdings, making the stock its 18th biggest holding. Confluence Wealth Services Inc.’s holdings in Capital Group Municipal Income ETF were worth $16,815,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Park Avenue Securities LLC acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter worth $1,727,000. CWM LLC purchased a new position in Capital Group Municipal Income ETF in the third quarter valued at $97,000. Hexagon Capital Partners LLC acquired a new position in Capital Group Municipal Income ETF during the 3rd quarter worth $198,000. Keeler & Nadler Financial Planning & Wealth Management purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth about $551,000. Finally, Simplicity Wealth LLC purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth about $1,271,000.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.08 on Wednesday. The company’s 50 day moving average price is $27.05 and its 200 day moving average price is $27.19. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared 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 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.