Atria Investments Inc Raises Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Atria Investments Inc grew its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 15.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,236 shares of the company’s stock after buying an additional 15,010 shares during the quarter. Atria Investments Inc’s holdings in Capital Group Municipal Income ETF were worth $3,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in Capital Group Municipal Income ETF by 19.9% during the 3rd quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock valued at $4,069,000 after purchasing an additional 24,598 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in Capital Group Municipal Income ETF by 13.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 51,152 shares of the company’s stock worth $1,374,000 after buying an additional 6,146 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Capital Group Municipal Income ETF by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,557 shares of the company’s stock worth $555,000 after buying an additional 3,633 shares during the last quarter. Smith Thornton Advisors LLC bought a new position in Capital Group Municipal Income ETF during the 2nd quarter valued at about $750,000. Finally, New England Capital Financial Advisors LLC lifted its stake in Capital Group Municipal Income ETF by 6.7% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 118,186 shares of the company’s stock valued at $3,173,000 after acquiring an additional 7,390 shares during the period.

Capital Group Municipal Income ETF Trading Up 0.1 %

Shares of CGMU stock opened at $27.11 on Thursday. The company has a 50 day moving average price of $27.30 and a 200-day moving average price of $27.12. Capital Group Municipal Income ETF has a 52 week low of $26.03 and a 52 week high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a $0.0672 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.05.

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.