Flagship Harbor Advisors LLC Buys 5,044 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Flagship Harbor Advisors LLC grew its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,359 shares of the company’s stock after buying an additional 5,044 shares during the quarter. Flagship Harbor Advisors LLC owned approximately 0.12% of Capital Group Municipal Income ETF worth $844,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Capital Group Municipal Income ETF by 164,421.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after purchasing an additional 1,109,847 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at about $19,822,000. MML Investors Services LLC raised its position in shares of Capital Group Municipal Income ETF by 111.7% during the third quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after acquiring an additional 635,133 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $11,362,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Capital Group Municipal Income ETF by 2,160.9% during the third quarter. Janney Montgomery Scott LLC now owns 424,593 shares of the company’s stock worth $11,659,000 after buying an additional 405,813 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU opened at $27.08 on Tuesday. The business’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $27.19. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.0674 per share. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date of this dividend was Friday, November 29th.

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.