Janney Montgomery Scott LLC Acquires 405,813 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Janney Montgomery Scott LLC lifted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 2,160.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 424,593 shares of the company’s stock after acquiring an additional 405,813 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Municipal Income ETF were worth $11,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGMU. Sunbelt Securities Inc. increased its position 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 valued at $181,000 after purchasing an additional 373 shares during the period. Intergy Private Wealth LLC boosted its stake in shares of Capital Group Municipal Income ETF by 1.6% during the 3rd quarter. Intergy Private Wealth LLC now owns 37,243 shares of the company’s stock valued at $1,023,000 after purchasing an additional 570 shares in the last quarter. Peterson Wealth Advisors LLC increased its position in shares of Capital Group Municipal Income ETF by 4.7% during the third quarter. Peterson Wealth Advisors LLC now owns 13,726 shares of the company’s stock valued at $377,000 after buying an additional 620 shares during the period. CGN Advisors LLC raised its stake in Capital Group Municipal Income ETF by 8.4% in the second quarter. CGN Advisors LLC now owns 8,202 shares of the company’s stock worth $220,000 after buying an additional 636 shares in the last quarter. Finally, Souders Financial Advisors lifted its holdings in Capital Group Municipal Income ETF by 2.7% in the first quarter. Souders Financial Advisors now owns 38,189 shares of the company’s stock worth $1,031,000 after buying an additional 1,000 shares during the period.

Capital Group Municipal Income ETF Stock Down 1.4 %

Capital Group Municipal Income ETF stock opened at $26.75 on Thursday. Capital Group Municipal Income ETF has a fifty-two week low of $25.80 and a fifty-two week high of $27.54. The stock’s 50 day simple moving average is $27.32 and its two-hundred day simple moving average is $27.11.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were paid a $0.0672 dividend. This is a boost 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.