Petredis Investment Advisors LLC Raises Stock Position in Capital Group Municipal Income ETF $CGMU

Petredis Investment Advisors LLC increased its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 67.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 139,280 shares of the company’s stock after acquiring an additional 55,980 shares during the period. Petredis Investment Advisors LLC owned approximately 0.09% of Capital Group Municipal Income ETF worth $3,801,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 13.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,424,405 shares of the company’s stock valued at $224,847,000 after purchasing an additional 1,017,473 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Municipal Income ETF by 35.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock worth $132,851,000 after acquiring an additional 1,314,330 shares during the period. Cetera Investment Advisers grew its position in Capital Group Municipal Income ETF by 14.7% in the 2nd quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock valued at $78,844,000 after buying an additional 378,221 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Capital Group Municipal Income ETF by 10.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,291,900 shares of the company’s stock worth $61,171,000 after acquiring an additional 217,749 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Capital Group Municipal Income ETF by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock worth $54,300,000 after buying an additional 543,338 shares in the last quarter.

Capital Group Municipal Income ETF Trading Up 0.1%

Shares of NYSEARCA CGMU opened at $27.44 on Wednesday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.56. The firm has a 50-day moving average price of $27.41 and a 200 day moving average price of $27.07.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th will be issued a $0.0872 dividend. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date is Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.