Interchange Capital Partners LLC Buys 153,460 Shares of Capital Group Municipal Income ETF $CGMU

Interchange Capital Partners LLC increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 208.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 227,218 shares of the company’s stock after purchasing an additional 153,460 shares during the period. Capital Group Municipal Income ETF makes up approximately 1.0% of Interchange Capital Partners LLC’s investment portfolio, making the stock its 22nd largest position. Interchange Capital Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $5,894,000 at the end of the most recent reporting period.

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

Capital Group Municipal Income ETF Trading Up 0.1%

CGMU stock opened at $26.72 on Friday. Capital Group Municipal Income ETF has a 12-month low of $25.73 and a 12-month high of $27.93. The business’s fifty day moving average price is $26.48 and its 200 day moving average price is $27.19.

Capital Group Municipal Income ETF Increases Dividend

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

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.