Capital Group Municipal Income ETF $CGMU Shares Bought by NavPoint Financial Inc.

NavPoint Financial Inc. boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,818 shares of the company’s stock after buying an additional 8,157 shares during the period. Capital Group Municipal Income ETF makes up 1.5% of NavPoint Financial Inc.’s holdings, making the stock its 19th largest position. NavPoint Financial Inc.’s holdings in Capital Group Municipal Income ETF were worth $2,451,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Perspectives Inc acquired a new position in Capital Group Municipal Income ETF during the 1st quarter valued at about $33,000. GPS Wealth Strategies Group LLC acquired a new position in Capital Group Municipal Income ETF during the 1st quarter valued at about $39,000. Opal Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the 1st quarter valued at about $46,000. Pinnacle Bancorp Inc. increased its position in Capital Group Municipal Income ETF by 49.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after buying an additional 646 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in Capital Group Municipal Income ETF by 37.5% during the 1st quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock valued at $91,000 after buying an additional 925 shares in the last quarter.

Capital Group Municipal Income ETF Stock Up 0.1%

Shares of NYSEARCA:CGMU opened at $27.30 on Friday. The business’s 50-day moving average is $27.02 and its 200 day moving average is $26.75. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued a $0.0718 dividend. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, September 29th.

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.