Private Advisor Group LLC Increases Holdings in Capital Group Municipal Income ETF $CGMU

Private Advisor Group LLC raised its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 714,227 shares of the company’s stock after acquiring an additional 73,311 shares during the quarter. Private Advisor Group LLC’s holdings in Capital Group Municipal Income ETF were worth $19,491,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CGMU. Jane Street Group LLC raised its position in shares of Capital Group Municipal Income ETF by 23.6% during the 1st 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 in the last quarter. Wedbush Securities Inc. boosted its holdings in Capital Group Municipal Income ETF by 7.2% in the second quarter. Wedbush Securities Inc. now owns 55,249 shares of the company’s stock valued at $1,475,000 after purchasing an additional 3,720 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in Capital Group Municipal Income ETF by 6.5% in the second quarter. Prospera Financial Services Inc now owns 129,485 shares of the company’s stock valued at $3,456,000 after purchasing an additional 7,938 shares in the last quarter. Nwam LLC increased its stake in Capital Group Municipal Income ETF by 2.5% in the second quarter. Nwam LLC now owns 18,147 shares of the company’s stock valued at $484,000 after purchasing an additional 439 shares during the last quarter. Finally, Advyzon Investment Management LLC purchased a new position in Capital Group Municipal Income ETF in the second quarter valued at approximately $3,017,000.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.64 on Tuesday. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.93. The company’s 50 day moving average is $27.65 and its two-hundred day moving average is $27.42.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0827 dividend. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.