Capital Group Municipal Income ETF $CGMU Stock Position Raised by Sard Wealth Management Group LLC

Sard Wealth Management Group LLC raised its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 166.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,497 shares of the company’s stock after purchasing an additional 33,398 shares during the quarter. Capital Group Municipal Income ETF accounts for about 0.6% of Sard Wealth Management Group LLC’s investment portfolio, making the stock its 22nd largest position. Sard Wealth Management Group LLC’s holdings in Capital Group Municipal Income ETF were worth $1,388,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Municipal Income ETF by 6.7% in the second quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock worth $376,376,000 after purchasing an additional 859,323 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Capital Group Municipal Income ETF by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock worth $132,429,000 after buying an additional 720,377 shares during the period. Bank of America Corp DE boosted its holdings in Capital Group Municipal Income ETF by 119.9% in the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after buying an additional 924,704 shares during the period. Blue Chip Partners LLC increased its stake in Capital Group Municipal Income ETF by 1.1% in the 1st quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock worth $44,879,000 after buying an additional 17,316 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Capital Group Municipal Income ETF by 17.3% in the 1st quarter. Royal Bank of Canada now owns 1,352,529 shares of the company’s stock worth $36,721,000 after buying an additional 199,108 shares in the last quarter.

Capital Group Municipal Income ETF Trading Up 0.0%

CGMU stock traded up $0.01 during trading on Friday, reaching $26.36. The company’s stock had a trading volume of 3,144,056 shares, compared to its average volume of 1,517,170. The company’s fifty day moving average is $26.58 and its 200-day moving average is $27.07. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.0773 per share. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. This represents a $0.93 dividend on an annualized basis and a dividend yield of 3.5%.

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.