Global Retirement Partners LLC Acquires 24,875 Shares of Capital Group Municipal Income ETF $CGMU

Global Retirement Partners LLC grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 35.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 94,195 shares of the company’s stock after acquiring an additional 24,875 shares during the quarter. Global Retirement Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $2,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGMU. Penney Financial LLC purchased a new position in Capital Group Municipal Income ETF during the 3rd quarter valued at $1,604,000. Freedom Financial Partners LLC lifted its position in shares of Capital Group Municipal Income ETF by 11.1% in the 3rd quarter. Freedom Financial Partners LLC now owns 81,278 shares of the company’s stock worth $2,218,000 after purchasing an additional 8,112 shares during the period. Armstrong Fleming & Moore Inc boosted its stake in shares of Capital Group Municipal Income ETF by 6.1% during the 3rd quarter. Armstrong Fleming & Moore Inc now owns 51,175 shares of the company’s stock valued at $1,397,000 after purchasing an additional 2,926 shares in the last quarter. Ascent Group LLC increased its position in shares of Capital Group Municipal Income ETF by 15.9% during the third quarter. Ascent Group LLC now owns 24,761 shares of the company’s stock valued at $676,000 after buying an additional 3,392 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its stake in Capital Group Municipal Income ETF by 3.9% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 69,224 shares of the company’s stock worth $1,889,000 after buying an additional 2,628 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $27.41 on Tuesday. The company has a 50-day simple moving average of $27.39 and a two-hundred day simple moving average of $27.12. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a $0.0872 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 24th. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.