Larson Financial Group LLC Has $17.79 Million Stock Position in Capital Group Municipal Income ETF $CGMU

Larson Financial Group LLC boosted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) by 16.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 649,681 shares of the company’s stock after purchasing an additional 91,749 shares during the period. Larson Financial Group LLC owned about 0.36% of Capital Group Municipal Income ETF worth $17,788,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of CGMU. Smartleaf Asset Management LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $42,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $58,000. Ameriflex Group Inc. acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $67,000. Flagship Harbor Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the 4th quarter valued at about $78,000. Finally, Root Financial Partners LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $102,000.

Capital Group Municipal Income ETF Trading Up 0.1%

Shares of NYSEARCA:CGMU opened at $27.21 on Tuesday. Capital Group Municipal Income ETF has a 52-week low of $26.44 and a 52-week high of $27.93. The company has a 50-day simple moving average of $27.37 and a 200 day simple moving average of $27.47.

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 dividend of $0.0827 per share. This represents a c) annualized dividend and a yield of 3.6%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th.

About Capital Group Municipal Income ETF

(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.

Further Reading

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

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