Capital Group Municipal Income ETF $CGMU Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 709,009 shares of the company’s stock after purchasing an additional 5,874 shares during the quarter. Capital Group Municipal Income ETF makes up 1.0% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 18th largest position. Confluence Wealth Services Inc.’s holdings in Capital Group Municipal Income ETF were worth $18,923,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CGMU. Financial Perspectives Inc acquired a new position in shares of Capital Group Municipal Income ETF during the first quarter worth $33,000. GPS Wealth Strategies Group LLC purchased a new stake in Capital Group Municipal Income ETF during the 1st quarter worth about $39,000. Opal Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 1st quarter worth about $46,000. Pinnacle Bancorp Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after acquiring an additional 646 shares during the last quarter. Finally, NBC Securities Inc. raised its position in shares of Capital Group Municipal Income ETF by 105,400.0% during the 1st quarter. NBC Securities Inc. now owns 3,165 shares of the company’s stock worth $84,000 after acquiring an additional 3,162 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.21 on Monday. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.46. The business has a 50 day moving average price of $26.97 and a 200 day moving average price of $26.73.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued a $0.0718 dividend. The ex-dividend date of this dividend was Monday, September 29th. 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 3.2%.

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.