Capital Group Municipal Income ETF $CGMU Shares Purchased by Financial Perspectives Inc

Financial Perspectives Inc raised its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 301.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,008 shares of the company’s stock after purchasing an additional 3,761 shares during the quarter. Financial Perspectives Inc’s holdings in Capital Group Municipal Income ETF were worth $134,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Madison Wealth Partners Inc increased its stake in Capital Group Municipal Income ETF by 30.0% in the second quarter. Madison Wealth Partners Inc now owns 38,776 shares of the company’s stock valued at $1,035,000 after purchasing an additional 8,947 shares during the period. Koshinski Asset Management Inc. increased its stake in Capital Group Municipal Income ETF by 12.1% in the second quarter. Koshinski Asset Management Inc. now owns 213,256 shares of the company’s stock valued at $5,692,000 after purchasing an additional 23,060 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Capital Group Municipal Income ETF in the second quarter valued at $277,000. Keeler & Nadler Financial Planning & Wealth Management increased its stake in Capital Group Municipal Income ETF by 100.8% in the second quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 75,108 shares of the company’s stock valued at $2,005,000 after purchasing an additional 37,712 shares during the period. Finally, Mutual Advisors LLC increased its stake in Capital Group Municipal Income ETF by 1.1% in the second quarter. Mutual Advisors LLC now owns 138,278 shares of the company’s stock valued at $3,685,000 after purchasing an additional 1,472 shares during the period.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $27.45 on Monday. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.46. The firm’s fifty day moving average is $27.10 and its two-hundred day moving average is $26.77.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a $0.0718 dividend. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, September 29th.

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.