Indivisible Partners Purchases New Holdings in Capital Group Municipal Income ETF $CGMU

Indivisible Partners purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,163 shares of the company’s stock, valued at approximately $1,346,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC acquired a new stake in Capital Group Municipal Income ETF during the third quarter valued at approximately $42,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group Municipal Income ETF during the third quarter valued at approximately $58,000. Ameriflex Group Inc. acquired a new stake in Capital Group Municipal Income ETF during the third quarter valued at approximately $67,000. Flagship Harbor Advisors LLC acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter valued at approximately $78,000. Finally, Root Financial Partners LLC acquired a new stake in Capital Group Municipal Income ETF during the third quarter valued at approximately $102,000.

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Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $27.33 on Wednesday. The stock’s 50 day moving average price is $27.46 and its two-hundred day moving average price is $27.48. Capital Group Municipal Income ETF has a 52-week low of $26.44 and a 52-week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.0827 per share. The ex-dividend date was Friday, February 27th. 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 yield of 3.6%.

Capital Group Municipal Income ETF Company Profile

(Free Report)

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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