37,534 Shares in Capital Group Municipal Income ETF $CGMU Bought by KWB Wealth

KWB Wealth bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,534 shares of the company’s stock, valued at approximately $1,028,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Capital Group Municipal Income ETF by 14.8% during the third quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after acquiring an additional 5,890,074 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 18.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after acquiring an additional 1,573,897 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Municipal Income ETF by 32.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after acquiring an additional 1,620,219 shares in the last quarter. UBS Group AG lifted its position in Capital Group Municipal Income ETF by 12.3% in the 3rd quarter. UBS Group AG now owns 3,582,696 shares of the company’s stock valued at $97,772,000 after acquiring an additional 393,042 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Capital Group Municipal Income ETF by 3.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,361,585 shares of the company’s stock valued at $64,448,000 after purchasing an additional 69,685 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.31 on Tuesday. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.93. The stock’s 50 day moving average is $27.65 and its 200-day moving average is $27.46.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders 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. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, February 27th.

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.