Strid Group LLC Acquires 387,146 Shares of Capital Group Municipal Income ETF $CGMU

Strid Group LLC acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 387,146 shares of the company’s stock, valued at approximately $10,043,000. Capital Group Municipal Income ETF makes up about 1.1% of Strid Group LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LongView Wealth Management grew its holdings in shares of Capital Group Municipal Income ETF by 0.3% during the third quarter. LongView Wealth Management now owns 136,772 shares of the company’s stock worth $3,548,000 after purchasing an additional 464 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 0.8% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 81,614 shares of the company’s stock valued at $2,117,000 after buying an additional 610 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF by 3.9% in the first quarter. Frazier Financial Advisors LLC now owns 16,215 shares of the company’s stock valued at $440,000 after buying an additional 614 shares during the last quarter. Trinity Wealth Management LLC raised its holdings in shares of Capital Group Municipal Income ETF by 0.5% in the second quarter. Trinity Wealth Management LLC now owns 143,162 shares of the company’s stock valued at $3,933,000 after buying an additional 721 shares during the last quarter. Finally, Florida Financial Advisors LLC lifted its position in Capital Group Municipal Income ETF by 5.9% during the 1st quarter. Florida Financial Advisors LLC now owns 13,380 shares of the company’s stock worth $363,000 after buying an additional 740 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $26.72 on Friday. Capital Group Municipal Income ETF has a 12-month low of $25.73 and a 12-month high of $27.93. The firm’s 50-day simple moving average is $26.47 and its 200 day simple moving average is $27.18.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be given a $0.0763 dividend. This is a drop from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. The ex-dividend date is Friday, October 30th. This represents a $0.92 annualized dividend and a yield of 3.4%.

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.