Larson Financial Group LLC Purchases 91,749 Shares of Capital Group Municipal Income ETF $CGMU

Larson Financial Group LLC boosted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 649,681 shares of the company’s stock after buying an additional 91,749 shares during the quarter. Larson Financial Group LLC’s holdings in Capital Group Municipal Income ETF were worth $17,788,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of Capital Group Municipal Income ETF by 11.6% during the fourth quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock worth $33,071,000 after purchasing an additional 125,592 shares during the period. Confluence Wealth Services Inc. grew its stake in shares of Capital Group Municipal Income ETF by 49.8% in the fourth quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock worth $30,610,000 after purchasing an additional 371,573 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of Capital Group Municipal Income ETF by 762.4% in the third quarter. Arkadios Wealth Advisors now owns 70,353 shares of the company’s stock worth $1,920,000 after purchasing an additional 62,195 shares during the last quarter. Bank of Marin bought a new stake in shares of Capital Group Municipal Income ETF in the third quarter worth $607,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after purchasing an additional 1,573,897 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.21 on Tuesday. Capital Group Municipal Income ETF has a twelve month low of $26.44 and a twelve month high of $27.93. The company’s fifty day moving average is $27.37 and its 200 day moving average is $27.47.

Capital Group Municipal Income ETF Increases Dividend

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