Capital Group Municipal Income ETF $CGMU Position Raised by StrongBox Wealth LLC

StrongBox Wealth LLC boosted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 20.0% in the third quarter, HoldingsChannel.com reports. The firm owned 160,586 shares of the company’s stock after buying an additional 26,803 shares during the quarter. StrongBox Wealth LLC’s holdings in Capital Group Municipal Income ETF were worth $4,166,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CGMU. Envestnet Asset Management Inc. raised its holdings in Capital Group Municipal Income ETF by 6.7% during the second quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock worth $376,376,000 after purchasing an additional 859,323 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Capital Group Municipal Income ETF by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock worth $132,429,000 after buying an additional 720,377 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at $81,186,000. Bank of America Corp DE boosted its holdings in shares of Capital Group Municipal Income ETF by 119.9% in the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after buying an additional 924,704 shares in the last quarter. Finally, Blue Chip Partners LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 1.1% in the 1st quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock valued at $44,879,000 after buying an additional 17,316 shares in the last quarter.

Capital Group Municipal Income ETF Stock Up 0.3%

NYSEARCA CGMU opened at $26.92 on Friday. The firm’s fifty day moving average price is $26.45 and its 200 day moving average price is $27.17. Capital Group Municipal Income ETF has a 12 month low of $25.73 and a 12 month high of $27.93.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.0763 dividend. This is a drop from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, October 30th.

About Capital Group Municipal Income ETF

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.