Hartmann Taylor Wealth Management LLC Purchases 52,663 Shares of Capital Group Municipal Income ETF $CGMU

Hartmann Taylor Wealth Management LLC grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 29.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,519 shares of the company’s stock after purchasing an additional 52,663 shares during the period. Capital Group Municipal Income ETF makes up 4.3% of Hartmann Taylor Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Hartmann Taylor Wealth Management LLC owned about 0.13% of Capital Group Municipal Income ETF worth $6,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. DAVENPORT & Co LLC raised its position in Capital Group Municipal Income ETF by 3.4% during the third quarter. DAVENPORT & Co LLC now owns 13,306 shares of the company’s stock valued at $363,000 after buying an additional 433 shares during the period. Cerity Partners LLC boosted its position in Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after acquiring an additional 433 shares during the period. Seamount Financial Group Inc. grew its stake 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 valued at $359,000 after acquiring an additional 464 shares in the last quarter. Financial Perspectives Inc grew its stake 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 valued at $153,000 after acquiring an additional 613 shares in the last quarter. Finally, Transcendent Capital Group LLC increased its holdings in shares of Capital Group Municipal Income ETF by 4.5% in the 3rd quarter. Transcendent Capital Group LLC now owns 19,938 shares of the company’s stock valued at $544,000 after purchasing an additional 858 shares during the period.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.15 on Wednesday. The firm has a 50 day simple moving average of $27.60 and a 200 day simple moving average of $27.47. 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 business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a $0.0827 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.