Capital Group Municipal Income ETF $CGMU Stock Purchased by StrongBox Wealth LLC

StrongBox Wealth LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 20.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,586 shares of the company’s stock after acquiring an additional 26,803 shares during the quarter. StrongBox Wealth LLC owned approximately 0.06% of Capital Group Municipal Income ETF worth $4,166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its position in shares of Capital Group Municipal Income ETF by 672.6% in the 2nd quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after purchasing an additional 908 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Capital Group Municipal Income ETF by 52.3% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock worth $73,000 after purchasing an additional 970 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $97,000. Signature Equity Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $129,000. Finally, MBE Wealth Management LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $203,000.

Capital Group Municipal Income ETF Trading Up 0.3%

Shares of CGMU stock opened at $26.92 on Friday. The firm has a fifty day moving average price of $26.45 and a 200 day moving average price of $27.17. Capital Group Municipal Income ETF has a 12 month low of $25.73 and a 12 month high of $27.93.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.0763 dividend. This is a drop from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, October 30th.

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.