Platt Wealth Management LLC Buys New Position in Capital Group Municipal Income ETF $CGMU

Platt Wealth Management LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 118,471 shares of the company’s stock, valued at approximately $3,243,000. Capital Group Municipal Income ETF comprises approximately 3.2% of Platt Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Platt Wealth Management LLC owned about 0.06% of Capital Group Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CGMU. Smartleaf Asset Management LLC acquired a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at about $42,000. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at about $58,000. Ameriflex Group Inc. acquired a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at about $67,000. Flagship Harbor Advisors LLC acquired a new position in Capital Group Municipal Income ETF in the 4th quarter valued at about $78,000. Finally, Root Financial Partners LLC acquired a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at about $102,000.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU stock opened at $27.21 on Friday. The firm has a 50-day moving average price of $27.34 and a 200 day moving average price of $27.46. Capital Group Municipal Income ETF has a twelve month low of $26.44 and a twelve month 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. Investors of record on Friday, February 27th were paid a $0.0827 dividend. This represents a c) annualized dividend and a yield of 3.6%. 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.

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.