Capital Group Municipal Income ETF (NYSEARCA:CGMU) Reaches New 52-Week Low – What’s Next?

Capital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $26.48 and last traded at $26.4850, with a volume of 2528689 shares. The stock had previously closed at $26.54.

Capital Group Municipal Income ETF Trading Down 0.2%

The company has a fifty day simple moving average of $27.08 and a 200 day simple moving average of $27.29.

Get Capital Group Municipal Income ETF alerts:

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a dividend of $0.0878 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.0%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Florida Financial Advisors LLC boosted its holdings in Capital Group Municipal Income ETF by 4.0% during the fourth quarter. Florida Financial Advisors LLC now owns 12,640 shares of the company’s stock worth $346,000 after purchasing an additional 485 shares during the last quarter. Frazier Financial Advisors LLC increased its stake in Capital Group Municipal Income ETF by 3.9% in the 1st quarter. Frazier Financial Advisors LLC now owns 16,215 shares of the company’s stock valued at $440,000 after buying an additional 614 shares during the last quarter. Trinity Wealth Management LLC lifted its position in shares of Capital Group Municipal Income ETF by 0.5% during the 2nd quarter. Trinity Wealth Management LLC now owns 143,162 shares of the company’s stock worth $3,933,000 after buying an additional 721 shares in the last quarter. Financial Council LLC lifted its position in shares of Capital Group Municipal Income ETF by 0.9% during the 1st quarter. Financial Council LLC now owns 84,591 shares of the company’s stock worth $2,297,000 after buying an additional 785 shares in the last quarter. Finally, Nwam LLC boosted its stake in shares of Capital Group Municipal Income ETF by 5.3% in the 2nd quarter. Nwam LLC now owns 17,328 shares of the company’s stock worth $476,000 after buying an additional 869 shares during the last quarter.

About Capital Group Municipal Income ETF

(Get 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.

Featured Articles

• Five stocks we like better than Capital Group Municipal Income ETF
• Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
• 3 Healthcare Stocks for 3 Stages of Life
• Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
• MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky

Receive News & Ratings for Capital Group Municipal Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Municipal Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.