Capital Group Private Client Services Inc. Has $41.05 Million Holdings in Capital Group Municipal Income ETF $CGMU

Capital Group Private Client Services Inc. grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 15.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,504,354 shares of the company’s stock after acquiring an additional 197,521 shares during the quarter. Capital Group Municipal Income ETF accounts for 0.7% of Capital Group Private Client Services Inc.’s portfolio, making the stock its 25th largest holding. Capital Group Private Client Services Inc.’s holdings in Capital Group Municipal Income ETF were worth $41,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC bought a new position in Capital Group Municipal Income ETF during the third quarter worth $42,000. Ameriflex Group Inc. bought a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at $67,000. Root Financial Partners LLC bought a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at $102,000. Farther Finance Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth $125,000. Finally, Financial Perspectives Inc grew its position in Capital Group Municipal Income ETF by 12.2% in the 3rd 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.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.64 on Tuesday. The firm’s 50-day moving average is $27.65 and its 200-day moving average is $27.42. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given 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 of this dividend was Friday, February 27th.

Capital Group Municipal Income ETF Company 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.