TrueWealth Advisors LLC Boosts Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

TrueWealth Advisors LLC raised its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 27.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,993 shares of the company’s stock after buying an additional 5,124 shares during the quarter. TrueWealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $659,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its holdings in Capital Group Municipal Income ETF by 13.7% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 51,152 shares of the company’s stock valued at $1,374,000 after buying an additional 6,146 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Capital Group Municipal Income ETF by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 20,557 shares of the company’s stock worth $555,000 after purchasing an additional 3,633 shares in the last quarter. Smith Thornton Advisors LLC purchased a new position in shares of Capital Group Municipal Income ETF during the second quarter worth about $750,000. New England Capital Financial Advisors LLC grew its holdings in shares of Capital Group Municipal Income ETF by 6.7% during the second quarter. New England Capital Financial Advisors LLC now owns 118,186 shares of the company’s stock worth $3,173,000 after purchasing an additional 7,390 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Capital Group Municipal Income ETF by 32.0% during the second quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock worth $32,042,000 after purchasing an additional 289,638 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU remained flat at $27.02 during midday trading on Friday. The stock had a trading volume of 533,569 shares, compared to its average volume of 491,275. Capital Group Municipal Income ETF has a 52 week low of $25.56 and a 52 week high of $27.54. The firm has a 50-day moving average price of $27.34 and a two-hundred day moving average price of $27.10.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a dividend of $0.0672 per share. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Friday, September 27th.

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.