Midwest Heritage Bank FSB Raises Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Midwest Heritage Bank FSB lifted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,075 shares of the company’s stock after buying an additional 1,283 shares during the period. Midwest Heritage Bank FSB’s holdings in Capital Group Municipal Income ETF were worth $433,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter worth approximately $25,000. Spire Wealth Management purchased a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth $25,000. Transcendent Capital Group LLC bought a new position in Capital Group Municipal Income ETF during the third quarter valued at approximately $32,000. Pinnacle Bancorp Inc. bought a new position in Capital Group Municipal Income ETF during the fourth 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% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after purchasing an additional 1,116 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $27.18 on Thursday. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54. The firm has a 50-day moving average price of $27.03 and a 200-day moving average price of $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently disclosed 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.

About Capital Group Municipal Income ETF

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.