First Horizon Advisors Inc. Takes $122,000 Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

First Horizon Advisors Inc. purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 4,433 shares of the company’s stock, valued at approximately $122,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of Capital Group Municipal Income ETF by 28.9% in the 1st quarter. Comerica Bank now owns 31,006 shares of the company’s stock valued at $837,000 after purchasing an additional 6,956 shares during the last quarter. Atria Investments Inc grew its position in Capital Group Municipal Income ETF by 2.6% in the 1st quarter. Atria Investments Inc now owns 59,604 shares of the company’s stock valued at $1,610,000 after buying an additional 1,496 shares during the last quarter. Cetera Investment Advisers increased its stake in Capital Group Municipal Income ETF by 199.4% in the 1st quarter. Cetera Investment Advisers now owns 718,847 shares of the company’s stock valued at $19,416,000 after buying an additional 478,759 shares during the period. Cetera Advisors LLC raised its position in Capital Group Municipal Income ETF by 53.5% during the 1st quarter. Cetera Advisors LLC now owns 293,105 shares of the company’s stock worth $7,917,000 after buying an additional 102,108 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Capital Group Municipal Income ETF in the 2nd quarter worth $64,000.

Capital Group Municipal Income ETF Trading Down 0.0 %

Shares of Capital Group Municipal Income ETF stock opened at $27.17 on Friday. Capital Group Municipal Income ETF has a 52-week low of $26.29 and a 52-week high of $27.54. The company’s 50-day simple moving average is $27.26 and its 200-day simple moving average is $27.14.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a dividend of $0.0672 per share. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Friday, September 27th.

Capital Group Municipal Income ETF 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.