NavPoint Financial Inc. Grows Stock Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

NavPoint Financial Inc. increased its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,728 shares of the company’s stock after buying an additional 3,315 shares during the period. Capital Group Municipal Income ETF comprises about 1.5% of NavPoint Financial Inc.’s holdings, making the stock its 19th largest position. NavPoint Financial Inc.’s holdings in Capital Group Municipal Income ETF were worth $1,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. ICA Group Wealth Management LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group Municipal Income ETF during the 2nd quarter valued at about $64,000. Global Retirement Partners LLC increased its stake in shares of Capital Group Municipal Income ETF by 687.5% during the 1st quarter. Global Retirement Partners LLC now owns 3,780 shares of the company’s stock valued at $102,000 after acquiring an additional 3,300 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter valued at about $128,000. Finally, CGN Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 1st quarter valued at about $204,000.

Capital Group Municipal Income ETF Trading Down 0.0 %

Shares of NYSEARCA CGMU traded down $0.01 on Tuesday, reaching $27.35. 250,424 shares of the company traded hands, compared to its average volume of 519,776. Capital Group Municipal Income ETF has a fifty-two week low of $25.32 and a fifty-two week high of $27.42. The company has a 50 day moving average of $27.13 and a 200 day moving average of $26.98.

Capital Group Municipal Income ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 31st were given a dividend of $0.0455 per share. The ex-dividend date was Wednesday, July 31st.

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.