Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 331.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 45,802 shares of the company’s stock after acquiring an additional 35,179 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGMU. Insigneo Advisory Services LLC grew its stake in Capital Group Municipal Income ETF by 28.2% during the 4th quarter. Insigneo Advisory Services LLC now owns 24,946 shares of the company’s stock valued at $672,000 after purchasing an additional 5,482 shares during the last quarter. Hanlon Investment Management Inc. boosted its position in Capital Group Municipal Income ETF by 46.8% in the fourth quarter. Hanlon Investment Management Inc. now owns 19,033 shares of the company’s stock valued at $512,000 after buying an additional 6,070 shares during the last quarter. Keystone Financial Group acquired a new position in Capital Group Municipal Income ETF in the 4th quarter worth approximately $280,000. Envision Financial Planning LLC purchased a new position in Capital Group Municipal Income ETF during the 4th quarter worth approximately $1,033,000. Finally, Entruity Wealth LLC acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter valued at approximately $1,304,000.

Capital Group Municipal Income ETF Trading Up 0.3 %

NYSEARCA:CGMU opened at $26.41 on Friday. The company’s fifty day moving average price is $26.83 and its 200-day moving average price is $27.01. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were paid a dividend of $0.0775 per share. The ex-dividend date was Friday, March 28th. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.06.

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.