Capital Group Municipal Income ETF $CGMU Shares Bought by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 63.9% during the third quarter, Holdings Channel reports. The firm owned 59,156 shares of the company’s stock after acquiring an additional 23,059 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $1,535,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CoreCap Advisors LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 672.6% in the 2nd quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after purchasing an additional 908 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new position in Capital Group Municipal Income ETF during the 1st quarter worth approximately $211,000. Mayflower Financial Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the 1st quarter worth approximately $216,000. Affiance Financial LLC purchased a new position in Capital Group Municipal Income ETF during the 2nd quarter worth approximately $219,000. Finally, Waverly Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the first quarter worth approximately $226,000.

Capital Group Municipal Income ETF Trading Up 0.4%

CGMU traded up $0.11 during trading on Tuesday, hitting $26.19. 4,531,389 shares of the stock were exchanged, compared to its average volume of 1,475,737. Capital Group Municipal Income ETF has a 1-year low of $25.73 and a 1-year high of $27.93. The stock has a fifty day moving average price of $26.65 and a two-hundred day moving average price of $27.09.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.0773 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Tuesday, September 29th.

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.