Entrust Financial LLC grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 7,856.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 481,064 shares of the company’s stock after purchasing an additional 475,018 shares during the quarter. Capital Group Municipal Income ETF comprises about 6.1% of Entrust Financial LLC’s portfolio, making the stock its 5th biggest position. Entrust Financial LLC’s holdings in Capital Group Municipal Income ETF were worth $12,479,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 672.6% during the 2nd quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock worth $29,000 after buying an additional 908 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Capital Group Municipal Income ETF by 52.3% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock worth $73,000 after buying an additional 970 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $97,000. Signature Equity Partners LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at $129,000. Finally, MBE Wealth Management LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at $203,000.
Capital Group Municipal Income ETF Stock Performance
Capital Group Municipal Income ETF stock opened at $26.97 on Monday. Capital Group Municipal Income ETF has a 12-month low of $25.73 and a 12-month high of $27.93. The firm’s fifty day moving average is $26.45 and its 200 day moving average is $27.16.
Capital Group Municipal Income ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a $0.0763 dividend. The ex-dividend date was Friday, October 30th. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%.
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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