Envestnet Portfolio Solutions Inc. Has $12.34 Million Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Posted by Chris Copeland on Mar 17th, 2025

Envestnet Portfolio Solutions Inc. grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 458,271 shares of the company’s stock after purchasing an additional 37,757 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 1.80% of Capital Group Municipal Income ETF worth $12,337,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in Capital Group Municipal Income ETF in the fourth quarter worth $25,000. Spire Wealth Management acquired a new position in Capital Group Municipal Income ETF in the fourth quarter worth $25,000. Pinnacle Bancorp Inc. acquired a new position in Capital Group Municipal Income ETF in the fourth quarter worth $35,000. Rosenberg Matthew Hamilton acquired a new position in Capital Group Municipal Income ETF in the fourth quarter worth $56,000. Finally, Golden State Wealth Management LLC acquired a new position in Capital Group Municipal Income ETF in the fourth quarter worth $66,000.

Capital Group Municipal Income ETF Price Performance

Capital Group Municipal Income ETF stock opened at $26.97 on Monday. Capital Group Municipal Income ETF has a 52 week low of $26.56 and a 52 week high of $27.54. The business’s fifty day moving average is $27.06 and its two-hundred day moving average is $27.17.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a dividend of $0.0626 per share. The ex-dividend date of this dividend was Friday, January 31st.

About Capital Group Municipal Income ETF

(Free Report)

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.