LongView Wealth Management Has $1.23 Million Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

LongView Wealth Management increased its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 14.0% during the fourth quarter, Holdings Channel reports. The firm owned 45,491 shares of the company’s stock after acquiring an additional 5,603 shares during the period. LongView Wealth Management’s holdings in Capital Group Municipal Income ETF were worth $1,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Capital Group Municipal Income ETF by 2.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 707,944 shares of the company’s stock valued at $19,008,000 after buying an additional 18,757 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Capital Group Municipal Income ETF by 25.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 111,619 shares of the company’s stock valued at $2,997,000 after acquiring an additional 22,430 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the second quarter valued at approximately $119,000. Insigneo Advisory Services LLC acquired a new position in Capital Group Municipal Income ETF during the second quarter valued at approximately $533,000. Finally, Smith Thornton Advisors LLC bought a new stake in Capital Group Municipal Income ETF during the second quarter worth $750,000.

Capital Group Municipal Income ETF Stock Up 0.3 %

Shares of CGMU stock opened at $26.93 on Friday. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week high of $27.54. The stock’s fifty day moving average price is $27.08 and its two-hundred day moving average price is $27.19.

Capital Group Municipal Income ETF Increases Dividend

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

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.