Capital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report) declared a monthly dividend on Thursday, October 29th. Stockholders of record on Friday, October 30th will be given a dividend of $0.0763 per share on Monday, November 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, October 30th. This is a 1.3% decrease from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.
Capital Group Municipal Income ETF Stock Performance
NYSEARCA CGMU traded up $0.00 on Friday, reaching $26.72. The company had a trading volume of 1,305,356 shares, compared to its average volume of 1,601,240. The firm’s 50 day moving average price is $26.48 and its 200 day moving average price is $27.19. Capital Group Municipal Income ETF has a 12 month low of $25.73 and a 12 month high of $27.93.
Institutional Investors Weigh In On Capital Group Municipal Income ETF
Several large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of Capital Group Municipal Income ETF by 119.9% during the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after buying an additional 924,704 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Capital Group Municipal Income ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock worth $376,376,000 after acquiring an additional 859,323 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Capital Group Municipal Income ETF by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock worth $132,429,000 after purchasing an additional 720,377 shares during the last quarter. Legacy CG LLC acquired a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at $15,426,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of Capital Group Municipal Income ETF by 254.0% in the 1st quarter. Kestra Advisory Services LLC now owns 608,109 shares of the company’s stock worth $16,510,000 after purchasing an additional 436,307 shares in the last quarter.
About Capital Group Municipal Income ETF
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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