Access Financial Services Inc. bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) in the third quarter, Holdings Channel reports. The fund bought 68,980 shares of the company’s stock, valued at approximately $1,789,000. Capital Group Municipal Income ETF makes up approximately 0.6% of Access Financial Services Inc.’s investment portfolio, making the stock its 29th biggest holding.
A number of other large investors have also recently added to or reduced their stakes in the business. MSH Capital Advisors LLC increased its holdings in shares of Capital Group Municipal Income ETF by 21.3% in the third quarter. MSH Capital Advisors LLC now owns 19,955 shares of the company’s stock valued at $518,000 after buying an additional 3,505 shares in the last quarter. Carson Advisory Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 3.0% during the 3rd quarter. Carson Advisory Inc. now owns 28,279 shares of the company’s stock worth $734,000 after acquiring an additional 835 shares in the last quarter. Valmark Advisers Inc. bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $3,412,000. Fisher Asset Management LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter worth $256,000. Finally, Fifth Third Bancorp grew its holdings in shares of Capital Group Municipal Income ETF by 85.4% in the 3rd quarter. Fifth Third Bancorp now owns 323,561 shares of the company’s stock worth $8,393,000 after acquiring an additional 149,048 shares during the last quarter.
Capital Group Municipal Income ETF Stock Down 0.2%
Shares of Capital Group Municipal Income ETF stock traded down $0.05 on Friday, reaching $26.72. 2,330,403 shares of the company were exchanged, compared to its average volume of 1,648,912. The stock has a fifty day moving average price of $26.45 and a 200-day moving average price of $27.15. Capital Group Municipal Income ETF has a fifty-two week low of $25.73 and a fifty-two week high of $27.93.
Capital Group Municipal Income ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were given a $0.0763 dividend. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. The ex-dividend date was Friday, October 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%.
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.
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Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report).
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