Private Advisor Group LLC Increases Position in Capital Group Municipal Income ETF $CGMU

Private Advisor Group LLC grew its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 714,227 shares of the company’s stock after purchasing an additional 73,311 shares during the period. Private Advisor Group LLC owned approximately 0.45% of Capital Group Municipal Income ETF worth $19,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CGMU. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 18.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after buying an additional 1,573,897 shares during the period. Blue Chip Partners LLC lifted its stake in Capital Group Municipal Income ETF by 2,093.0% during the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after acquiring an additional 1,448,696 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Municipal Income ETF by 35.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock valued at $132,851,000 after acquiring an additional 1,314,330 shares during the period. Osaic Holdings Inc. boosted its holdings in Capital Group Municipal Income ETF by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock valued at $54,300,000 after acquiring an additional 543,338 shares during the period. Finally, Capital Insight Partners LLC acquired a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at about $13,802,000.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $27.64 on Tuesday. The stock has a 50-day moving average of $27.65 and a two-hundred day moving average of $27.42. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.0827 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th.

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.