Capital Group Municipal Income ETF (NYSEARCA:CGMU) Sees Large Volume Increase – Time to Buy?

Capital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 2,385,480 shares traded hands during trading, an increase of 112% from the previous session’s volume of 1,124,060 shares.The stock last traded at $27.32 and had previously closed at $27.30.

Capital Group Municipal Income ETF Trading Up 0.0%

The company’s 50-day simple moving average is $27.40 and its 200 day simple moving average is $27.48.

Get Capital Group Municipal Income ETF alerts:

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0827 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC acquired a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at about $42,000. Core Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the fourth quarter valued at about $48,000. CIBC Private Wealth Group LLC acquired a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at about $58,000. Ameriflex Group Inc. acquired a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at about $67,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the fourth quarter valued at about $78,000.

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.

Read More

• Five stocks we like better than Capital Group Municipal Income ETF
• YETI Rallies After Earnings Beat and Raised Outlook
• How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
• Cisco’s Vertical Rally May Still Be in the Early Innings
• Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now

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.