Brighton Jones LLC Acquires New Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Brighton Jones LLC bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,780 shares of the company’s stock, valued at approximately $296,000.

Several other large investors have also recently modified their holdings of CGMU. Wealth Enhancement Advisory Services LLC lifted its holdings in Capital Group Municipal Income ETF by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 182,353 shares of the company’s stock worth $4,925,000 after purchasing an additional 3,482 shares in the last quarter. Skyline Advisors Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the first quarter worth about $243,000. Tempus Wealth Planning LLC boosted its position in shares of Capital Group Municipal Income ETF by 61.5% in the first quarter. Tempus Wealth Planning LLC now owns 25,888 shares of the company’s stock valued at $699,000 after acquiring an additional 9,858 shares during the period. Lodestone Wealth Management LLC purchased a new position in Capital Group Municipal Income ETF during the first quarter valued at approximately $331,000. Finally, Private Advisor Group LLC increased its holdings in Capital Group Municipal Income ETF by 55.6% during the 1st quarter. Private Advisor Group LLC now owns 224,201 shares of the company’s stock worth $6,056,000 after acquiring an additional 80,112 shares during the period.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.13 on Friday. The company’s 50 day moving average is $27.37 and its 200 day moving average is $27.09. Capital Group Municipal Income ETF has a 1-year low of $25.32 and a 1-year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were given a dividend of $0.0672 per share. 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 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.