LifeGoal Wealth Advisors Buys Shares of 37,278 Capital Group Municipal Income ETF (NYSEARCA:CGMU)

LifeGoal Wealth Advisors purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,278 shares of the company’s stock, valued at approximately $1,004,000. Capital Group Municipal Income ETF comprises about 1.1% of LifeGoal Wealth Advisors’ portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in CGMU. ORG Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $25,000. Spire Wealth Management acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth approximately $32,000. Pinnacle Bancorp Inc. acquired a new position in Capital Group Municipal Income ETF in the 4th quarter valued at $35,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Capital Group Municipal Income ETF by 268.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after purchasing an additional 1,116 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.3 %

NYSEARCA CGMU opened at $27.28 on Wednesday. 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 $27.00 and a 200-day moving average of $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were issued a $0.0626 dividend. 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.