Stephens Inc. AR Increases Stock Position in Capital Group Municipal Income ETF $CGMU

Stephens Inc. AR grew its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 43.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,745 shares of the company’s stock after buying an additional 22,835 shares during the period. Stephens Inc. AR’s holdings in Capital Group Municipal Income ETF were worth $2,074,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Atlas Private Wealth Advisors grew its stake in shares of Capital Group Municipal Income ETF by 1.2% during the 4th quarter. Atlas Private Wealth Advisors now owns 35,016 shares of the company’s stock valued at $959,000 after buying an additional 402 shares during the period. Cerity Partners LLC grew its stake in shares of Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock valued at $1,607,000 after buying an additional 433 shares during the period. Transcendent Capital Group LLC grew its stake in shares of Capital Group Municipal Income ETF by 2.5% during the 4th quarter. Transcendent Capital Group LLC now owns 20,430 shares of the company’s stock valued at $559,000 after buying an additional 492 shares during the period. Meridian Wealth Management LLC grew its stake in shares of Capital Group Municipal Income ETF by 1.9% during the 4th quarter. Meridian Wealth Management LLC now owns 28,173 shares of the company’s stock valued at $771,000 after buying an additional 512 shares during the period. Finally, Advyzon Investment Management LLC grew its stake in shares of Capital Group Municipal Income ETF by 0.9% during the 3rd quarter. Advyzon Investment Management LLC now owns 114,046 shares of the company’s stock valued at $3,112,000 after buying an additional 989 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $27.13 on Wednesday. Capital Group Municipal Income ETF has a 52-week low of $26.44 and a 52-week high of $27.93. The firm has a fifty day moving average of $27.36 and a 200-day moving average of $27.47.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.0827 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.7%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.