Capital Group Municipal Income ETF $CGMU Shares Purchased by Capital Analysts LLC

Capital Analysts LLC boosted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 12.5% in the 2nd quarter, Holdings Channel reports. The fund owned 1,078,448 shares of the company’s stock after buying an additional 119,984 shares during the period. Capital Group Municipal Income ETF makes up 0.7% of Capital Analysts LLC’s investment portfolio, making the stock its 28th largest position. Capital Analysts LLC’s holdings in Capital Group Municipal Income ETF were worth $29,624,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Capital International Investors boosted its position in Capital Group Municipal Income ETF by 1.6% in the 4th quarter. Capital International Investors now owns 46,328,510 shares of the company’s stock worth $1,268,475,000 after purchasing an additional 743,875 shares in the last quarter. Morgan Stanley increased its holdings in shares of Capital Group Municipal Income ETF by 38.2% during the 4th quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock valued at $246,192,000 after purchasing an additional 2,484,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Municipal Income ETF by 15.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,596,372 shares of the company’s stock valued at $207,989,000 after purchasing an additional 998,606 shares during the period. LPL Financial LLC lifted its stake in shares of Capital Group Municipal Income ETF by 28.0% in the 4th quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock valued at $184,996,000 after purchasing an additional 1,479,528 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Capital Group Municipal Income ETF by 17.3% during the first quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock worth $132,429,000 after buying an additional 720,377 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $26.77 on Wednesday. The firm’s fifty day moving average is $27.15 and its 200 day moving average is $27.33. Capital Group Municipal Income ETF has a one year low of $26.76 and a one year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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

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.