Capital Group Municipal Income ETF $CGMU Shares Bought by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,407 shares of the company’s stock after acquiring an additional 34,797 shares during the quarter. Capital Group Municipal Income ETF makes up approximately 6.2% of Robinson Smith Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest position. Robinson Smith Wealth Advisors LLC owned 0.18% of Capital Group Municipal Income ETF worth $9,101,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its stake in shares of Capital Group Municipal Income ETF by 14.8% during the third quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after buying an additional 5,890,074 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Municipal Income ETF by 32.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after acquiring an additional 1,620,219 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in 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 valued at $272,854,000 after acquiring an additional 1,573,897 shares in the last quarter. Blue Chip Partners LLC raised its holdings in Capital Group Municipal Income ETF by 2,093.0% in the second quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock valued at $40,513,000 after acquiring an additional 1,448,696 shares in the last quarter. Finally, Aprio Wealth Management LLC acquired a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $22,189,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.21 on Monday. The firm’s 50 day moving average price is $27.34 and its 200 day moving average price is $27.46. Capital Group Municipal Income ETF has a fifty-two week low of $26.44 and a fifty-two week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.0827 dividend. This represents a c) annualized dividend and a yield of 3.6%. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 27th.

Capital Group Municipal Income ETF Company 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.