Kestra Advisory Services LLC lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 49.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,115,190 shares of the company’s stock after acquiring an additional 366,878 shares during the quarter. Kestra Advisory Services LLC’s holdings in Capital Group Municipal Income ETF were worth $28,928,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Genesis Private Wealth LLC raised its position in Capital Group Municipal Income ETF by 3.8% in the third quarter. Genesis Private Wealth LLC now owns 31,631 shares of the company’s stock valued at $821,000 after purchasing an additional 1,152 shares during the last quarter. Gutierrez Wealth Advisory LLC grew its holdings in shares of Capital Group Municipal Income ETF by 48.1% during the third quarter. Gutierrez Wealth Advisory LLC now owns 402,183 shares of the company’s stock worth $10,433,000 after purchasing an additional 130,588 shares during the last quarter. StrongBox Wealth LLC grew its holdings in shares of Capital Group Municipal Income ETF by 20.0% during the third quarter. StrongBox Wealth LLC now owns 160,586 shares of the company’s stock worth $4,166,000 after purchasing an additional 26,803 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth about $81,186,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at approximately $929,000.
Capital Group Municipal Income ETF Stock Up 0.2%
Capital Group Municipal Income ETF stock opened at $26.97 on Friday. The business has a 50 day moving average of $26.45 and a 200-day moving average of $27.16. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93.
Capital Group Municipal Income ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a dividend of $0.0763 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, October 30th. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.
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.
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