Aurdan Capital Management LLC Acquires New Holdings in Capital Group Municipal Income ETF $CGMU

Aurdan Capital Management LLC purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,724 shares of the company’s stock, valued at approximately $393,000.

Several other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in Capital Group Municipal Income ETF by 40.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,663,217 shares of the company’s stock worth $98,248,000 after buying an additional 1,053,284 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Municipal Income ETF by 13.7% in the second quarter. Envestnet Asset Management Inc. now owns 8,424,405 shares of the company’s stock valued at $224,847,000 after buying an additional 1,017,473 shares in the last quarter. LPL Financial LLC increased its position in shares of Capital Group Municipal Income ETF by 21.0% in the first quarter. LPL Financial LLC now owns 2,984,823 shares of the company’s stock valued at $80,053,000 after buying an additional 517,925 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 89.7% in the first quarter. Raymond James Financial Inc. now owns 791,591 shares of the company’s stock worth $21,230,000 after acquiring an additional 374,330 shares during the last quarter. Finally, EnRich Financial Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the second quarter worth approximately $9,924,000.

Capital Group Municipal Income ETF Stock Down 0.2%

Shares of NYSEARCA:CGMU opened at $27.39 on Friday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.56. The business’s 50 day moving average price is $27.23 and its 200-day moving average price is $26.84.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 31st will be issued a $0.0858 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 3.8%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.