Capital Group Private Client Services Inc. Has $18.54 Million Stock Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Capital Group Private Client Services Inc. increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 688,744 shares of the company’s stock after buying an additional 11,163 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Capital Group Municipal Income ETF were worth $18,541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wintrust Investments LLC lifted its holdings in Capital Group Municipal Income ETF by 13.6% during the fourth quarter. Wintrust Investments LLC now owns 3,559 shares of the company’s stock worth $95,000 after acquiring an additional 427 shares in the last quarter. CGN Advisors LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 5.0% during the 4th quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock valued at $246,000 after purchasing an additional 434 shares in the last quarter. Atria Investments Inc increased its stake in Capital Group Municipal Income ETF by 0.6% during the 4th quarter. Atria Investments Inc now owns 111,863 shares of the company’s stock worth $3,011,000 after purchasing an additional 627 shares in the last quarter. Cerity Partners LLC increased its stake in Capital Group Municipal Income ETF by 1.1% during the 4th quarter. Cerity Partners LLC now owns 59,355 shares of the company’s stock worth $1,598,000 after purchasing an additional 642 shares in the last quarter. Finally, Sigma Planning Corp raised its holdings in Capital Group Municipal Income ETF by 5.5% during the 4th quarter. Sigma Planning Corp now owns 12,676 shares of the company’s stock worth $341,000 after buying an additional 658 shares during the period.

Capital Group Municipal Income ETF Trading Up 0.1 %

Capital Group Municipal Income ETF stock opened at $26.40 on Friday. The company has a 50 day moving average of $26.88 and a 200-day moving average of $27.04. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were issued a dividend of $0.0775 per share. The ex-dividend date was Friday, March 28th. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.06.

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.