D.A. Davidson & CO. Acquires 19,024 Shares of Capital Group Municipal Income ETF $CGMU

D.A. Davidson & CO. lifted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) by 172.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,066 shares of the company’s stock after buying an additional 19,024 shares during the quarter. D.A. Davidson & CO.’s holdings in Capital Group Municipal Income ETF were worth $823,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new position in shares of Capital Group Municipal Income ETF in the third quarter worth about $42,000. CIBC Private Wealth Group LLC bought a new position in shares of Capital Group Municipal Income ETF in the third quarter worth about $58,000. Ameriflex Group Inc. bought a new position in shares of Capital Group Municipal Income ETF in the third quarter worth about $67,000. Flagship Harbor Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $78,000. Finally, Root Financial Partners LLC bought a new position in shares of Capital Group Municipal Income ETF in the third quarter worth about $102,000.

Capital Group Municipal Income ETF Stock Down 0.0%

NYSEARCA CGMU opened at $27.33 on Tuesday. The business has a 50-day moving average price of $27.47 and a 200-day moving average price of $27.48. Capital Group Municipal Income ETF has a twelve month low of $26.44 and a twelve month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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

Capital Group Municipal Income ETF Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report).

Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Receive News & Ratings for Capital Group Municipal Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Municipal Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.