90,740 Shares in Capital Group Municipal Income ETF $CGMU Purchased by Legacy Private Trust Co.

Legacy Private Trust Co. purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 90,740 shares of the company’s stock, valued at approximately $2,484,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Genesis Private Wealth LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $473,000. Sard Wealth Management Group LLC acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at approximately $492,000. Melone Private Wealth LLC raised its stake in shares of Capital Group Municipal Income ETF by 101.5% during the fourth quarter. Melone Private Wealth LLC now owns 32,647 shares of the company’s stock worth $894,000 after purchasing an additional 16,448 shares during the last quarter. TrueWealth Advisors LLC raised its stake in shares of Capital Group Municipal Income ETF by 29.4% during the fourth quarter. TrueWealth Advisors LLC now owns 42,098 shares of the company’s stock worth $1,153,000 after purchasing an additional 9,565 shares during the last quarter. Finally, Freedom Financial Partners LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 5.6% during the fourth quarter. Freedom Financial Partners LLC now owns 85,830 shares of the company’s stock worth $2,350,000 after purchasing an additional 4,552 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.7%

NYSEARCA:CGMU opened at $27.27 on Friday. The firm’s fifty day moving average price is $27.66 and its 200 day moving average price is $27.46. 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 company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.0827 dividend. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.