Access Financial Services Inc. acquired a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 68,980 shares of the company’s stock, valued at approximately $1,789,000. Capital Group Municipal Income ETF accounts for 0.6% of Access Financial Services Inc.’s portfolio, making the stock its 29th biggest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGMU. LongView Wealth Management lifted its position in Capital Group Municipal Income ETF by 0.3% in 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 period. Ascent Group LLC increased its position in shares of Capital Group Municipal Income ETF by 1.8% during the 3rd quarter. Ascent Group LLC now owns 33,159 shares of the company’s stock valued at $860,000 after purchasing an additional 600 shares during the period. McGlone Suttner Wealth Management Inc. increased its position in shares of Capital Group Municipal Income ETF by 0.8% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 81,614 shares of the company’s stock valued at $2,117,000 after purchasing an additional 610 shares during the period. Trinity Wealth Management LLC increased its position in shares of Capital Group Municipal Income ETF by 0.5% during the 2nd quarter. Trinity Wealth Management LLC now owns 143,162 shares of the company’s stock valued at $3,933,000 after purchasing an additional 721 shares during the period. Finally, Florida Financial Advisors LLC raised its stake in shares of Capital Group Municipal Income ETF by 5.9% in 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 Down 0.2%
Shares of CGMU traded down $0.05 during midday trading on Friday, reaching $26.72. The stock had a trading volume of 2,330,403 shares, compared to its average volume of 1,648,912. The firm’s 50 day moving average price is $26.45 and its 200-day moving average price is $27.15. Capital Group Municipal Income ETF has a 52 week low of $25.73 and a 52 week 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 given a $0.0763 dividend. This represents a $0.92 annualized dividend and a yield of 3.4%. This is a drop from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. The ex-dividend date was Friday, October 30th.
Capital Group Municipal Income ETF Company 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.
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