Leverty Financial Group LLC Acquires 22,587 Shares of Capital Group Municipal Income ETF $CGMU

Leverty Financial Group LLC raised its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 45.6% during the 4th quarter, Holdings Channel reports. The fund owned 72,154 shares of the company’s stock after purchasing an additional 22,587 shares during the period. Capital Group Municipal Income ETF comprises approximately 0.5% of Leverty Financial Group LLC’s holdings, making the stock its 14th largest position. Leverty Financial Group LLC’s holdings in Capital Group Municipal Income ETF were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sand Hill Global Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 2nd quarter worth $511,000. Penney Financial LLC purchased a new position in Capital Group Municipal Income ETF in the third quarter valued at about $1,604,000. Confluence Wealth Services Inc. grew its stake in Capital Group Municipal Income ETF by 5.3% in the third quarter. Confluence Wealth Services Inc. now owns 746,403 shares of the company’s stock valued at $20,369,000 after purchasing an additional 37,394 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Capital Group Municipal Income ETF by 762.4% in the third quarter. Arkadios Wealth Advisors now owns 70,353 shares of the company’s stock worth $1,920,000 after purchasing an additional 62,195 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after purchasing an additional 1,573,897 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.31 on Tuesday. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.93. The firm has a 50-day simple moving average of $27.65 and a two-hundred day simple moving average of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0827 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a 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.