Total Clarity Wealth Management Inc. Makes New Investment in Capital Group Municipal Income ETF $CGMU

Total Clarity Wealth Management Inc. acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 158,661 shares of the company’s stock, valued at approximately $4,344,000. Capital Group Municipal Income ETF accounts for approximately 1.1% of Total Clarity Wealth Management Inc.’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in CGMU. Smartleaf Asset Management LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter worth $42,000. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter worth $58,000. Ameriflex Group Inc. acquired a new position in Capital Group Municipal Income ETF in the third quarter worth $67,000. Flagship Harbor Advisors LLC acquired a new position in Capital Group Municipal Income ETF in the fourth quarter worth $78,000. Finally, Root Financial Partners LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter worth $102,000.

Capital Group Municipal Income ETF Stock Down 0.3%

Capital Group Municipal Income ETF stock opened at $27.33 on Friday. The company has a fifty day moving average price of $27.47 and a two-hundred day moving average price of $27.48. Capital Group Municipal Income ETF has a 12 month low of $26.44 and a 12 month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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

About Capital Group Municipal Income ETF

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.