Capital Group Municipal Income ETF $CGMU Shares Bought by Vaquero Private Wealth Ltd.

Vaquero Private Wealth Ltd. boosted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,491 shares of the company’s stock after acquiring an additional 29,026 shares during the quarter. Capital Group Municipal Income ETF accounts for about 1.5% of Vaquero Private Wealth Ltd.’s investment portfolio, making the stock its 17th largest holding. Vaquero Private Wealth Ltd. owned approximately 0.10% of Capital Group Municipal Income ETF worth $7,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Capital Group Municipal Income ETF Price Performance

Shares of CGMU opened at $26.70 on Thursday. The firm has a fifty day simple moving average of $26.49 and a two-hundred day simple moving average of $27.19. Capital Group Municipal Income ETF has a twelve month low of $25.73 and a twelve month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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

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.