Gutierrez Wealth Advisory LLC Buys 20,198 Shares of Capital Group Municipal Income ETF $CGMU

Gutierrez Wealth Advisory LLC increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 263,892 shares of the company’s stock after acquiring an additional 20,198 shares during the quarter. Capital Group Municipal Income ETF makes up about 4.6% of Gutierrez Wealth Advisory LLC’s portfolio, making the stock its 9th largest position. Gutierrez Wealth Advisory LLC owned approximately 0.17% of Capital Group Municipal Income ETF worth $7,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at about $42,000. Root Financial Partners LLC bought a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $102,000. Farther Finance Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $125,000. Financial Perspectives Inc boosted its holdings in Capital Group Municipal Income ETF by 12.2% in the third quarter. Financial Perspectives Inc now owns 5,621 shares of the company’s stock worth $153,000 after acquiring an additional 613 shares in the last quarter. Finally, US Bancorp DE bought a new position in Capital Group Municipal Income ETF in the third quarter worth approximately $169,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $27.68 on Wednesday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.93. The business has a 50 day moving average price of $27.62 and a 200-day moving average price of $27.40.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.0827 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.