HighTower Advisors LLC Acquires New Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

HighTower Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,419 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors have also added to or reduced their stakes in CGMU. Ascent Group LLC purchased a new position in Capital Group Municipal Income ETF in the 3rd quarter worth approximately $566,000. Benjamin Edwards Inc. bought a new position in Capital Group Municipal Income ETF in the third quarter worth about $4,344,000. Captrust Financial Advisors bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $384,000. Freedom Investment Management Inc. purchased a new position in Capital Group Municipal Income ETF during the 3rd quarter valued at about $284,000. Finally, Great Valley Advisor Group Inc. boosted its position in shares of Capital Group Municipal Income ETF by 19.1% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 905,293 shares of the company’s stock worth $24,860,000 after purchasing an additional 145,439 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU opened at $26.87 on Wednesday. Capital Group Municipal Income ETF has a twelve month low of $26.56 and a twelve month high of $27.54. The firm has a 50 day moving average of $27.17 and a 200 day moving average of $27.20.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.0674 per share. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date was Friday, November 29th.

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.