20,002 Shares in Capital Group Municipal Income ETF $CGMU Purchased by MGO One Seven LLC

MGO One Seven LLC acquired a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,002 shares of the company’s stock, valued at approximately $548,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Investors increased its stake in shares of Capital Group Municipal Income ETF by 14.8% in the third quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock valued at $1,244,005,000 after purchasing an additional 5,890,074 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after purchasing an additional 1,573,897 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Capital Group Municipal Income ETF by 32.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after purchasing an additional 1,620,219 shares during the period. UBS Group AG increased its stake in shares of Capital Group Municipal Income ETF by 12.6% in the fourth quarter. UBS Group AG now owns 4,032,770 shares of the company’s stock valued at $110,417,000 after purchasing an additional 450,074 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Capital Group Municipal Income ETF by 18.1% in the second quarter. MML Investors Services LLC now owns 1,825,400 shares of the company’s stock valued at $48,720,000 after purchasing an additional 279,546 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.1%

Capital Group Municipal Income ETF stock opened at $27.30 on Thursday. The firm has a 50 day simple moving average of $27.40 and a 200-day simple moving average of $27.48. Capital Group Municipal Income ETF has a 12-month low of $26.44 and a 12-month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.0827 per share. The ex-dividend date was Friday, February 27th. This is a positive change 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 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.