Capital Group Municipal Income ETF $CGMU Shares Purchased by VestGen Investment Management

VestGen Investment Management boosted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 38.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 27,231 shares of the company’s stock after purchasing an additional 7,621 shares during the period. VestGen Investment Management’s holdings in Capital Group Municipal Income ETF were worth $727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. grew its position in shares of 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 acquiring an additional 646 shares during the period. Golden State Wealth Management LLC grew its position in shares of 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 acquiring an additional 925 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Capital Group Municipal Income ETF by 81.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock valued at $117,000 after acquiring an additional 1,977 shares during the period. Financial Perspectives Inc lifted its stake in Capital Group Municipal Income ETF by 301.6% in the 2nd quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock valued at $134,000 after buying an additional 3,761 shares in the last quarter. Finally, Carson Advisory Inc. purchased a new position in Capital Group Municipal Income ETF in the 1st quarter valued at about $203,000.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.50 on Friday. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.51. The firm’s 50-day moving average price is $27.17 and its 200 day moving average price is $26.80.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.0718 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.1%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Capital Group Municipal Income ETF 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.