Capital Group Private Client Services Inc. Has $41.05 Million Stock Holdings in Capital Group Municipal Income ETF $CGMU

Capital Group Private Client Services Inc. raised its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 15.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,504,354 shares of the company’s stock after purchasing an additional 197,521 shares during the period. Capital Group Municipal Income ETF accounts for 0.7% of Capital Group Private Client Services Inc.’s portfolio, making the stock its 25th largest holding. Capital Group Private Client Services Inc. owned 0.94% of Capital Group Municipal Income ETF worth $41,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 11.4% during the 3rd quarter. Private Advisor Group LLC now owns 714,227 shares of the company’s stock worth $19,491,000 after buying an additional 73,311 shares during the period. Skyline Advisors Inc. raised its holdings in Capital Group Municipal Income ETF by 37.7% in the 3rd quarter. Skyline Advisors Inc. now owns 165,999 shares of the company’s stock worth $4,530,000 after acquiring an additional 45,434 shares during the period. Natixis Advisors LLC raised its holdings in Capital Group Municipal Income ETF by 264.4% in the 3rd quarter. Natixis Advisors LLC now owns 117,366 shares of the company’s stock worth $3,203,000 after acquiring an additional 85,159 shares during the period. Ameriflex Group Inc. acquired a new position in Capital Group Municipal Income ETF during the 3rd quarter worth $67,000. Finally, Modern Wealth Management LLC lifted its position in Capital Group Municipal Income ETF by 54.0% during the 3rd quarter. Modern Wealth Management LLC now owns 131,063 shares of the company’s stock worth $3,577,000 after acquiring an additional 45,969 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.64 on Tuesday. The company has a 50-day moving average of $27.65 and a two-hundred day moving average of $27.42. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0827 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.6%. 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.