Private Advisor Group LLC Grows Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Private Advisor Group LLC lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,161 shares of the company’s stock after buying an additional 87,481 shares during the quarter. Private Advisor Group LLC owned approximately 1.48% of Capital Group Municipal Income ETF worth $10,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group Municipal Income ETF during the 2nd quarter worth $64,000. CWM LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter worth about $97,000. ICA Group Wealth Management LLC increased its holdings in Capital Group Municipal Income ETF by 135.8% in the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock valued at $105,000 after buying an additional 2,251 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Capital Group Municipal Income ETF during the second quarter valued at approximately $119,000. Finally, Sunbelt Securities Inc. lifted its holdings in Capital Group Municipal Income ETF by 5.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock worth $181,000 after buying an additional 373 shares during the last quarter.

Capital Group Municipal Income ETF Trading Up 0.0 %

Shares of CGMU opened at $27.08 on Friday. Capital Group Municipal Income ETF has a 52 week low of $25.32 and a 52 week high of $27.54. The stock has a 50 day moving average of $27.37 and a 200-day moving average of $27.08.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were paid a dividend of $0.0672 per share. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date was Friday, September 27th.

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.