Vestmark Advisory Solutions Inc. Has $31.49 Million Stock Position in Capital Group Municipal Income ETF $CGMU

Vestmark Advisory Solutions Inc. lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,149,959 shares of the company’s stock after purchasing an additional 91,014 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.63% of Capital Group Municipal Income ETF worth $31,486,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CGMU. Smartleaf Asset Management LLC acquired a new position in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $42,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group Municipal Income ETF in the third quarter valued at approximately $58,000. Ameriflex Group Inc. bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $67,000. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth approximately $78,000. Finally, Root Financial Partners LLC acquired a new position in shares of Capital Group Municipal Income ETF during the third quarter worth approximately $102,000.

Capital Group Municipal Income ETF Trading Up 0.0%

Shares of CGMU opened at $27.19 on Friday. The business’s fifty day moving average is $27.34 and its 200 day moving average is $27.46. 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 dividend of $0.0827 per share. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.6%.

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.