345,208 Shares in Capital Group Municipal Income ETF $CGMU Bought by Boulder Wealth Advisors LLC

Boulder Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 345,208 shares of the company’s stock, valued at approximately $9,452,000. Capital Group Municipal Income ETF comprises 4.0% of Boulder Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position. Boulder Wealth Advisors LLC owned about 0.19% of Capital Group Municipal Income ETF at the end of the most recent quarter.

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

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.30 on Friday. The firm has a fifty day moving average price of $27.39 and a 200 day moving average price of $27.47. Capital Group Municipal Income ETF has a fifty-two week low of $26.44 and a fifty-two week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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