153,460 Capital Group Municipal Income ETF $CGMU Shares Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 208.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,218 shares of the company’s stock after purchasing an additional 153,460 shares during the quarter. Capital Group Municipal Income ETF comprises 1.0% of Interchange Capital Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Interchange Capital Partners LLC owned 0.08% of Capital Group Municipal Income ETF worth $5,894,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Capital Group Municipal Income ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock valued at $376,376,000 after buying an additional 859,323 shares during the period. Cetera Investment Advisers lifted its holdings in Capital Group Municipal Income ETF by 17.3% in the first quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after acquiring an additional 720,377 shares during the last quarter. Bank of America Corp DE grew its position in Capital Group Municipal Income ETF by 119.9% in the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after acquiring an additional 924,704 shares during the period. Blue Chip Partners LLC grew its position in Capital Group Municipal Income ETF by 1.1% in the first quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock worth $44,879,000 after acquiring an additional 17,316 shares during the period. Finally, Royal Bank of Canada grew its position in Capital Group Municipal Income ETF by 17.3% in the first quarter. Royal Bank of Canada now owns 1,352,529 shares of the company’s stock worth $36,721,000 after acquiring an additional 199,108 shares during the period.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $26.72 on Friday. Capital Group Municipal Income ETF has a 52-week low of $25.73 and a 52-week high of $27.93. The business has a fifty day moving average of $26.48 and a two-hundred day moving average of $27.19.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0773 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702.

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.