Capital Group Municipal Income ETF $CGMU Shares Bought by Kintra Wealth LLC

Kintra Wealth LLC grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 188.6% during the second quarter, HoldingsChannel reports. The firm owned 194,705 shares of the company’s stock after acquiring an additional 127,244 shares during the period. Kintra Wealth LLC’s holdings in Capital Group Municipal Income ETF were worth $5,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CGMU. HB Wealth Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the second quarter valued at approximately $799,000. Succession Financial Inc. acquired a new position in Capital Group Municipal Income ETF during the second quarter worth $499,000. Cornerstone Advisors Asset Management LLC grew its holdings in Capital Group Municipal Income ETF by 23.9% in the 2nd quarter. Cornerstone Advisors Asset Management LLC now owns 223,595 shares of the company’s stock valued at $6,142,000 after buying an additional 43,156 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Capital Group Municipal Income ETF by 114.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 23,011 shares of the company’s stock valued at $632,000 after buying an additional 12,265 shares in the last quarter. Finally, Nwam LLC increased its stake in shares of Capital Group Municipal Income ETF by 5.3% in the 2nd quarter. Nwam LLC now owns 17,328 shares of the company’s stock worth $476,000 after acquiring an additional 869 shares during the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1%

Shares of CGMU opened at $26.78 on Friday. Capital Group Municipal Income ETF has a 52-week low of $26.77 and a 52-week high of $27.93. The stock has a fifty day simple moving average of $27.18 and a two-hundred day simple moving average of $27.35.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were paid a dividend of $0.0878 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, July 31st.

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.