Capital Group Municipal Income ETF $CGMU Stock Purchased by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 63.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,156 shares of the company’s stock after purchasing an additional 23,059 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $1,535,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Capital Group Municipal Income ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock valued at $376,376,000 after acquiring an additional 859,323 shares during the period. Cetera Investment Advisers grew its holdings in shares of Capital Group Municipal Income ETF by 17.3% in the first quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after purchasing an additional 720,377 shares in the last quarter. MML Investors Services LLC increased its stake in Capital Group Municipal Income ETF by 12.6% during the 4th quarter. MML Investors Services LLC now owns 2,377,012 shares of the company’s stock worth $65,083,000 after buying an additional 265,406 shares during the period. Bank of America Corp DE increased its stake in Capital Group Municipal Income ETF by 119.9% during the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after buying an additional 924,704 shares during the period. Finally, Blue Chip Partners LLC increased its stake in Capital Group Municipal Income ETF by 1.1% during the 1st quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock worth $44,879,000 after buying an additional 17,316 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU traded up $0.11 during trading on Tuesday, hitting $26.19. The company’s stock had a trading volume of 4,531,389 shares, compared to its average volume of 1,475,737. The business has a 50 day moving average price of $26.65 and a two-hundred day moving average price of $27.09. Capital Group Municipal Income ETF has a fifty-two week low of $25.73 and a fifty-two week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.0773 per share. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.93 annualized dividend and a dividend yield of 3.5%.

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.