Modern Wealth Management LLC Has $3.58 Million Stock Position in Capital Group Municipal Income ETF $CGMU

Modern Wealth Management LLC increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 54.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,063 shares of the company’s stock after buying an additional 45,969 shares during the quarter. Modern Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $3,577,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Cerity Partners LLC boosted its position in Capital Group Municipal Income ETF by 0.7% in the second quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock valued at $1,607,000 after buying an additional 433 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Capital Group Municipal Income ETF by 3.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 13,306 shares of the company’s stock valued at $363,000 after acquiring an additional 433 shares during the last quarter. Nwam LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 2.5% during the 2nd quarter. Nwam LLC now owns 18,147 shares of the company’s stock valued at $484,000 after acquiring an additional 439 shares in the last quarter. Seamount Financial Group Inc. grew its position in Capital Group Municipal Income ETF by 3.7% during the 3rd quarter. Seamount Financial Group Inc. now owns 13,163 shares of the company’s stock worth $359,000 after acquiring an additional 464 shares during the last quarter. Finally, Financial Perspectives Inc grew its position in Capital Group Municipal Income ETF by 12.2% during the 3rd quarter. Financial Perspectives Inc now owns 5,621 shares of the company’s stock worth $153,000 after acquiring an additional 613 shares during the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1%

Shares of CGMU opened at $27.64 on Friday. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.93. The business has a 50-day simple moving average of $27.64 and a two-hundred day simple moving average of $27.41.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.0827 dividend. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, February 27th.

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.