Gutierrez Wealth Advisory LLC Has $7.20 Million Stock Position in Capital Group Municipal Income ETF $CGMU

Gutierrez Wealth Advisory LLC grew its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 263,892 shares of the company’s stock after buying an additional 20,198 shares during the quarter. Capital Group Municipal Income ETF accounts for approximately 4.6% of Gutierrez Wealth Advisory LLC’s investment portfolio, making the stock its 9th biggest holding. Gutierrez Wealth Advisory LLC’s holdings in Capital Group Municipal Income ETF were worth $7,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGMU. Smartleaf Asset Management LLC bought a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at approximately $42,000. Root Financial Partners LLC bought a new stake in Capital Group Municipal Income ETF during the third quarter worth $102,000. Farther Finance Advisors LLC purchased a new position in Capital Group Municipal Income ETF in the third quarter worth $125,000. Financial Perspectives Inc boosted its position in Capital Group Municipal Income ETF by 12.2% in the third quarter. Financial Perspectives Inc now owns 5,621 shares of the company’s stock worth $153,000 after purchasing an additional 613 shares during the last quarter. Finally, US Bancorp DE bought a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at $169,000.

Capital Group Municipal Income ETF Stock Down 0.5%

Shares of Capital Group Municipal Income ETF stock opened at $27.68 on Wednesday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.93. The stock has a fifty day moving average price of $27.62 and a 200-day moving average price of $27.40.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.0827 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th.

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.