Capital Group Municipal Income ETF $CGMU Position Increased by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) by 74.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,079 shares of the company’s stock after buying an additional 27,447 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $1,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jane Street Group LLC boosted its stake in shares of Capital Group Municipal Income ETF by 23.6% during the 1st quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after acquiring an additional 43,538 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after acquiring an additional 433 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Capital Group Municipal Income ETF by 105.7% during the 2nd quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock worth $3,297,000 after acquiring an additional 63,473 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Capital Group Municipal Income ETF during the 2nd quarter worth $6,154,000. Finally, Raymond James Financial Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 45.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,152,361 shares of the company’s stock worth $30,757,000 after acquiring an additional 360,770 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

CGMU opened at $27.19 on Friday. The business has a fifty day simple moving average of $27.38 and a 200-day simple moving average of $27.47. Capital Group Municipal Income ETF has a fifty-two week low of $26.44 and a fifty-two week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.0827 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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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Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

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