Gutierrez Wealth Advisory LLC Makes New $8.02 Million Investment in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Gutierrez Wealth Advisory LLC bought a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 297,998 shares of the company’s stock, valued at approximately $8,022,000. Capital Group Municipal Income ETF comprises approximately 6.6% of Gutierrez Wealth Advisory LLC’s portfolio, making the stock its 7th biggest position. Gutierrez Wealth Advisory LLC owned about 1.17% of Capital Group Municipal Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Financial Designs Inc. ADV increased its stake in shares of Capital Group Municipal Income ETF by 56.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,394 shares of the company’s stock worth $64,000 after acquiring an additional 863 shares during the last quarter. Robinson Smith Wealth Advisors LLC increased its position in shares of Capital Group Municipal Income ETF by 24.2% during the 4th quarter. Robinson Smith Wealth Advisors LLC now owns 199,048 shares of the company’s stock worth $5,358,000 after purchasing an additional 38,829 shares during the last quarter. GWN Securities Inc. acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth about $1,045,000. Glenview Trust co acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth about $511,000. Finally, Harbour Investments Inc. increased its position in shares of Capital Group Municipal Income ETF by 41.9% during the 4th quarter. Harbour Investments Inc. now owns 46,137 shares of the company’s stock worth $1,242,000 after purchasing an additional 13,625 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $26.98 on Friday. The business has a 50-day moving average price of $27.06 and a 200 day moving average price of $27.16. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

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

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.