Avidian Wealth Enterprises LLC Invests $534,000 in Capital Group Municipal Income ETF $CGMU

Avidian Wealth Enterprises LLC bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 20,000 shares of the company’s stock, valued at approximately $534,000.

Other institutional investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. grew its position in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after purchasing an additional 646 shares during the period. Golden State Wealth Management LLC boosted its position in Capital Group Municipal Income ETF by 37.5% during the 1st quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock worth $91,000 after acquiring an additional 925 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Capital Group Municipal Income ETF by 81.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock worth $117,000 after acquiring an additional 1,977 shares during the last quarter. Financial Perspectives Inc boosted its position in Capital Group Municipal Income ETF by 301.6% during the 2nd quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock worth $134,000 after acquiring an additional 3,761 shares during the last quarter. Finally, Carson Advisory Inc. acquired a new stake in shares of Capital Group Municipal Income ETF in the 1st quarter valued at approximately $203,000.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $27.50 on Thursday. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.51. The stock has a 50 day moving average of $27.14 and a 200-day moving average of $26.78.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.0718 dividend. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.1%.

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.