Capital Group Municipal Income ETF $CGMU Stock Position Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 10.5% in the second quarter, Holdings Channel.com reports. The fund owned 2,291,900 shares of the company’s stock after buying an additional 217,749 shares during the period. Commonwealth Equity Services LLC’s holdings in Capital Group Municipal Income ETF were worth $61,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CGMU. Pinnacle Bancorp Inc. boosted its holdings in Capital Group Municipal Income ETF by 49.1% in the second quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after purchasing an additional 646 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 81.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock worth $117,000 after purchasing an additional 1,977 shares during the period. Financial Perspectives Inc lifted its position in shares of Capital Group Municipal Income ETF by 301.6% in the 2nd quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock worth $134,000 after buying an additional 3,761 shares during the last quarter. Carson Advisory Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the 1st quarter valued at about $203,000. Finally, Avaii Wealth Management LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 2nd quarter valued at about $210,000.

Capital Group Municipal Income ETF Stock Performance

CGMU opened at $27.39 on Friday. The company’s 50-day moving average price is $27.29 and its 200 day moving average price is $26.87. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were given a dividend of $0.0858 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, October 31st. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

About Capital Group Municipal Income ETF

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.