41,391 Capital Group Municipal Income ETF $CGMU Shares Purchased by Novem Group

Novem Group increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 43.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,310 shares of the company’s stock after purchasing an additional 41,391 shares during the quarter. Novem Group owned 0.05% of Capital Group Municipal Income ETF worth $3,562,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. LongView Wealth Management grew its holdings in Capital Group Municipal Income ETF by 0.3% in the third quarter. LongView Wealth Management now owns 136,772 shares of the company’s stock valued at $3,548,000 after purchasing an additional 464 shares during the last quarter. IFP Advisors Inc increased its position in shares of Capital Group Municipal Income ETF by 68.4% in the third quarter. IFP Advisors Inc now owns 49,562 shares of the company’s stock valued at $1,286,000 after buying an additional 20,130 shares in the last quarter. Copper Harbor Investment Advisors LLC raised its stake in shares of Capital Group Municipal Income ETF by 9.5% during the 3rd quarter. Copper Harbor Investment Advisors LLC now owns 289,498 shares of the company’s stock worth $7,510,000 after buying an additional 25,139 shares during the last quarter. KWB Wealth raised its stake in shares of Capital Group Municipal Income ETF by 11.6% during the 3rd quarter. KWB Wealth now owns 14,708 shares of the company’s stock worth $382,000 after buying an additional 1,524 shares during the last quarter. Finally, Melone Private Wealth LLC raised its stake in shares of Capital Group Municipal Income ETF by 7.7% during the 3rd quarter. Melone Private Wealth LLC now owns 90,319 shares of the company’s stock worth $2,343,000 after buying an additional 6,467 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock remained flat at $26.36 on Monday. 3,493,010 shares of the company traded hands, compared to its average volume of 1,527,048. Capital Group Municipal Income ETF has a 1-year low of $25.73 and a 1-year high of $27.93. The business has a 50-day moving average of $26.58 and a two-hundred day moving average of $27.07.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.0773 per share. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Tuesday, September 29th. This represents a $0.93 annualized dividend and a yield of 3.5%.

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.