Sunbelt Securities Inc. Purchases 373 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Sunbelt Securities Inc. boosted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,731 shares of the company’s stock after buying an additional 373 shares during the quarter. Sunbelt Securities Inc.’s holdings in Capital Group Municipal Income ETF were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CGMU. New England Capital Financial Advisors LLC boosted its holdings in Capital Group Municipal Income ETF by 0.3% in the 1st quarter. New England Capital Financial Advisors LLC now owns 110,796 shares of the company’s stock worth $2,993,000 after buying an additional 375 shares during the period. Concourse Financial Group Securities Inc. boosted its holdings in shares of Capital Group Municipal Income ETF by 4.1% in the first quarter. Concourse Financial Group Securities Inc. now owns 9,520 shares of the company’s stock worth $258,000 after acquiring an additional 376 shares during the period. CGN Advisors LLC grew its position in shares of 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 valued at $220,000 after purchasing an additional 636 shares in the last quarter. Souders Financial Advisors raised its stake in shares of Capital Group Municipal Income ETF by 2.7% during the 1st quarter. Souders Financial Advisors now owns 38,189 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,000 shares during the period. Finally, Madison Wealth Partners Inc lifted its holdings in Capital Group Municipal Income ETF by 4.2% during the 2nd quarter. Madison Wealth Partners Inc now owns 35,158 shares of the company’s stock worth $944,000 after purchasing an additional 1,411 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $27.51 on Thursday. Capital Group Municipal Income ETF has a 52 week low of $25.32 and a 52 week high of $27.54. The business has a 50-day simple moving average of $27.34 and a two-hundred day simple moving average of $27.05.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were paid a dividend of $0.0672 per share. The ex-dividend date 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 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.