Jane Street Group LLC Takes Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Jane Street Group LLC purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 3rd quarter, Holdings Channel reports. The firm purchased 11,126 shares of the company’s stock, valued at approximately $306,000.

A number of other hedge funds also recently made changes to their positions in CGMU. LPL Financial LLC grew its holdings in shares of Capital Group Municipal Income ETF by 32.0% during the 2nd quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock worth $32,042,000 after purchasing an additional 289,638 shares during the period. Envestnet Asset Management Inc. boosted its position in Capital Group Municipal Income ETF by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 707,944 shares of the company’s stock worth $19,008,000 after purchasing an additional 18,757 shares during the period. ICA Group Wealth Management LLC raised its position in Capital Group Municipal Income ETF by 135.8% in the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock valued at $105,000 after purchasing an additional 2,251 shares during the period. Madison Wealth Partners Inc lifted its stake in shares of Capital Group Municipal Income ETF by 4.2% during the second 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. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Capital Group Municipal Income ETF by 25.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 111,619 shares of the company’s stock valued at $2,997,000 after buying an additional 22,430 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Capital Group Municipal Income ETF stock opened at $26.90 on Friday. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54. The stock’s 50 day moving average price is $27.10 and its 200 day moving average price is $27.20.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given 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 of this dividend was Friday, November 29th.

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.