New Century Financial Group LLC Takes $410,000 Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

New Century Financial Group LLC acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 14,919 shares of the company’s stock, valued at approximately $410,000.

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

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $27.35 on Monday. The business has a 50-day simple moving average of $27.38 and a two-hundred day simple moving average of $27.08. Capital Group Municipal Income ETF has a 52 week low of $25.32 and a 52 week high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company 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. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date of this dividend 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.