Cullen Frost Bankers Inc. Raises Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Cullen Frost Bankers Inc. increased its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 240.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,679 shares of the company’s stock after purchasing an additional 3,306 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Municipal Income ETF were worth $126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ORG Partners LLC purchased a new stake in Capital Group Municipal Income ETF during the fourth quarter worth $25,000. Spire Wealth Management acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter worth about $32,000. Pinnacle Bancorp Inc. acquired a new stake in Capital Group Municipal Income ETF in the 4th quarter valued at about $35,000. Finally, Rosenberg Matthew Hamilton purchased a new position in Capital Group Municipal Income ETF during the 4th quarter valued at about $56,000.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $27.16 on Monday. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54. The company has a 50-day moving average of $27.05 and a two-hundred day moving average of $27.18.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a dividend of $0.0626 per share. The ex-dividend date was Friday, January 31st.

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.