Capital Group Municipal Income ETF (NYSEARCA:CGMU) Holdings Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,314 shares of the company’s stock after purchasing an additional 11,776 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.60% of Capital Group Municipal Income ETF worth $4,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Capital Group Municipal Income ETF during the third quarter valued at $296,000. Saxony Capital Management LLC grew its stake in Capital Group Municipal Income ETF by 53.2% during the 3rd quarter. Saxony Capital Management LLC now owns 13,986 shares of the company’s stock valued at $384,000 after acquiring an additional 4,858 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Capital Group Municipal Income ETF by 30.2% in the 3rd quarter. Private Advisor Group LLC now owns 377,161 shares of the company’s stock valued at $10,357,000 after purchasing an additional 87,481 shares during the period. Tempus Wealth Planning LLC lifted its position in shares of Capital Group Municipal Income ETF by 1.9% in the third quarter. Tempus Wealth Planning LLC now owns 54,694 shares of the company’s stock worth $1,502,000 after purchasing an additional 1,004 shares in the last quarter. Finally, RFP Financial Group LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 106.4% during the third quarter. RFP Financial Group LLC now owns 36,644 shares of the company’s stock worth $1,006,000 after purchasing an additional 18,890 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU opened at $27.02 on Friday. The company’s 50 day moving average price is $27.35 and its 200 day moving average price is $27.10. 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 business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a dividend of $0.0672 per share. 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 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.