Capital Group Municipal Income ETF (NYSEARCA:CGMU) Sees Large Volume Increase – Here’s Why

Posted by Phillip Gast on Feb 23rd, 2025

Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report) saw an uptick in trading volume on Friday . 764,791 shares were traded during trading, an increase of 50% from the previous session’s volume of 510,115 shares.The stock last traded at $27.15 and had previously closed at $27.14.

Capital Group Municipal Income ETF Stock Performance

The stock has a 50-day moving average of $26.99 and a two-hundred day moving average of $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a dividend of $0.0626 per share. The ex-dividend date of this dividend was Friday, January 31st.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Hedge funds have recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in Capital Group Municipal Income ETF during the 4th quarter valued at $25,000. Spire Wealth Management purchased a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth $25,000. Transcendent Capital Group LLC bought a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at $32,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter valued at $35,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Capital Group Municipal Income ETF by 268.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after buying an additional 1,116 shares in the last quarter.

Capital Group Municipal Income ETF Company Profile

(Get Free Report)

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.