Signet Financial Management LLC Acquires 1,213 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Signet Financial Management LLC raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,895 shares of the company’s stock after buying an additional 1,213 shares during the period. Signet Financial Management LLC’s holdings in Capital Group Municipal Income ETF were worth $2,689,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. LPL Financial LLC increased its position in shares of Capital Group Municipal Income ETF by 32.0% during the 2nd quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock valued at $32,042,000 after purchasing an additional 289,638 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Capital Group Municipal Income ETF by 2.7% in the second quarter. Envestnet Asset Management Inc. now owns 707,944 shares of the company’s stock worth $19,008,000 after buying an additional 18,757 shares in the last quarter. ICA Group Wealth Management LLC raised its stake in shares of Capital Group Municipal Income ETF by 135.8% during the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock worth $105,000 after acquiring an additional 2,251 shares in the last quarter. Madison Wealth Partners Inc boosted its stake in shares of Capital Group Municipal Income ETF by 4.2% in the 2nd quarter. Madison Wealth Partners Inc now owns 35,158 shares of the company’s stock valued at $944,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 25.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 111,619 shares of the company’s stock valued at $2,997,000 after purchasing an additional 22,430 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU traded down $0.04 during trading hours on Monday, reaching $26.79. The company’s stock had a trading volume of 378,890 shares, compared to its average volume of 547,870. The firm has a 50-day simple moving average of $27.10 and a 200-day simple moving average of $27.20. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

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

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.