Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 1,240.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 624,857 shares of the company’s stock after acquiring an additional 578,236 shares during the quarter. Capital Group Municipal Income ETF comprises 1.1% of Confluence Wealth Services Inc.’s holdings, making the stock its 18th largest position. Confluence Wealth Services Inc. owned 2.46% of Capital Group Municipal Income ETF worth $16,815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in Capital Group Municipal Income ETF by 19.9% during the 3rd quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock worth $4,069,000 after purchasing an additional 24,598 shares during the last quarter. CWM LLC acquired a new position in Capital Group Municipal Income ETF during the third quarter worth about $97,000. Nations Financial Group Inc. IA ADV grew its stake in Capital Group Municipal Income ETF by 65.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 13,700 shares of the company’s stock valued at $376,000 after acquiring an additional 5,400 shares in the last quarter. Good Life Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $200,000. Finally, Souders Financial Advisors lifted its stake in Capital Group Municipal Income ETF by 7.1% in the 3rd quarter. Souders Financial Advisors now owns 47,680 shares of the company’s stock worth $1,309,000 after purchasing an additional 3,165 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.08 on Wednesday. Capital Group Municipal Income ETF has a 1-year low of $26.56 and a 1-year high of $27.54. The stock’s 50 day simple moving average is $27.05 and its 200-day simple moving average is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders 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.