Keeler & Nadler Financial Planning & Wealth Management Increases Stock Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Keeler & Nadler Financial Planning & Wealth Management lifted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 58.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,852 shares of the company’s stock after purchasing an additional 11,787 shares during the period. Keeler & Nadler Financial Planning & Wealth Management owned about 0.13% of Capital Group Municipal Income ETF worth $857,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CGMU. Raymond James & Associates raised its holdings in shares of Capital Group Municipal Income ETF by 19.9% in the third quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock worth $4,069,000 after acquiring an additional 24,598 shares during the last quarter. Smith Thornton Advisors LLC acquired a new position in Capital Group Municipal Income ETF in the 2nd quarter valued at about $750,000. Thrive Wealth Management LLC lifted its holdings in Capital Group Municipal Income ETF by 49.5% in the 3rd quarter. Thrive Wealth Management LLC now owns 47,313 shares of the company’s stock valued at $1,299,000 after purchasing an additional 15,659 shares in the last quarter. CWM LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth about $97,000. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Capital Group Municipal Income ETF by 65.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 13,700 shares of the company’s stock worth $376,000 after buying an additional 5,400 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU opened at $26.86 on Thursday. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54. The company’s 50 day simple moving average is $27.09 and its 200 day simple moving average is $27.19.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were paid a dividend of $0.0674 per share. The ex-dividend date was Friday, November 29th. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07.

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.