Madison Wealth Partners Inc Has $1.04 Million Position in Capital Group Municipal Income ETF $CGMU

Madison Wealth Partners Inc raised its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 30.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,776 shares of the company’s stock after purchasing an additional 8,947 shares during the quarter. Madison Wealth Partners Inc’s holdings in Capital Group Municipal Income ETF were worth $1,035,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Municipal Income ETF by 8.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,406,932 shares of the company’s stock valued at $198,654,000 after purchasing an additional 586,717 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Municipal Income ETF by 40.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,663,217 shares of the company’s stock valued at $98,248,000 after purchasing an additional 1,053,284 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 21.0% in the 1st quarter. LPL Financial LLC now owns 2,984,823 shares of the company’s stock valued at $80,053,000 after purchasing an additional 517,925 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Capital Group Municipal Income ETF by 11.2% in the 1st quarter. Cetera Investment Advisers now owns 2,575,859 shares of the company’s stock valued at $69,085,000 after purchasing an additional 259,458 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 5.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,074,151 shares of the company’s stock valued at $55,629,000 after purchasing an additional 109,549 shares in the last quarter.

Capital Group Municipal Income ETF Stock Up 0.1%

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

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a dividend of $0.0718 per share. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.1%.

Capital Group Municipal Income ETF Company 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.