Park Avenue Securities LLC Boosts Stock Holdings in Capital Group Municipal Income ETF $CGMU

Park Avenue Securities LLC grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 39.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,181 shares of the company’s stock after purchasing an additional 39,300 shares during the period. Park Avenue Securities LLC owned approximately 0.09% of Capital Group Municipal Income ETF worth $3,798,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in Capital Group Municipal Income ETF by 31.1% in the 1st quarter. NewEdge Advisors LLC now owns 60,064 shares of the company’s stock valued at $1,611,000 after buying an additional 14,262 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 23.6% in the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after acquiring an additional 43,538 shares during the period. Belpointe Asset Management LLC grew its position in shares of Capital Group Municipal Income ETF by 3.1% in the first quarter. Belpointe Asset Management LLC now owns 41,002 shares of the company’s stock valued at $1,100,000 after purchasing an additional 1,220 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Capital Group Municipal Income ETF in the first quarter valued at $917,000. Finally, Intrua Financial LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 1st quarter valued at $246,000.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $27.54 on Friday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.56. The business has a 50-day simple moving average of $27.40 and a two-hundred day simple moving average of $27.13.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a $0.0872 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Wednesday, December 24th.

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.