Vaquero Private Wealth Ltd. Acquires 29,026 Shares of Capital Group Municipal Income ETF $CGMU

Vaquero Private Wealth Ltd. grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 280,491 shares of the company’s stock after acquiring an additional 29,026 shares during the quarter. Capital Group Municipal Income ETF comprises 1.5% of Vaquero Private Wealth Ltd.’s portfolio, making the stock its 17th largest holding. Vaquero Private Wealth Ltd.’s holdings in Capital Group Municipal Income ETF were worth $7,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stonebridge Financial Group LLC increased its position in Capital Group Municipal Income ETF by 114.7% during the 3rd quarter. Stonebridge Financial Group LLC now owns 765,597 shares of the company’s stock valued at $19,860,000 after purchasing an additional 408,964 shares during the period. Independent Financial Group LLC bought a new position in Capital Group Municipal Income ETF in the 1st quarter worth $527,000. Western Wealth Management LLC lifted its position in shares of Capital Group Municipal Income ETF by 91.3% in the 1st quarter. Western Wealth Management LLC now owns 59,505 shares of the company’s stock worth $1,616,000 after purchasing an additional 28,404 shares during the period. NewEdge Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 24.6% in the 1st quarter. NewEdge Advisors LLC now owns 224,262 shares of the company’s stock worth $6,089,000 after purchasing an additional 44,220 shares during the period. Finally, Cornerstone Advisors Asset Management LLC boosted its stake in shares of Capital Group Municipal Income ETF by 23.9% during the 2nd quarter. Cornerstone Advisors Asset Management LLC now owns 223,595 shares of the company’s stock valued at $6,142,000 after purchasing an additional 43,156 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1%

Shares of NYSEARCA CGMU opened at $26.70 on Thursday. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93. The company’s 50-day moving average is $26.49 and its 200 day moving average is $27.19.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.0773 dividend. This represents a $0.93 annualized dividend and a 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 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.