Smith Thornton Advisors LLC Raises Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Smith Thornton Advisors LLC grew its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 76.3% in the third quarter, Holdings Channel reports. The fund owned 49,210 shares of the company’s stock after purchasing an additional 21,295 shares during the period. Smith Thornton Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $1,351,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Creative Financial Designs Inc. ADV increased its position in Capital Group Municipal Income ETF by 268.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after purchasing an additional 1,116 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the 2nd quarter valued at approximately $64,000. CWM LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $97,000. ICA Group Wealth Management LLC raised its position in shares of Capital Group Municipal Income ETF by 135.8% during the 2nd quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock valued at $105,000 after buying an additional 2,251 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF in the second quarter valued at approximately $119,000.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $26.95 on Friday. Capital Group Municipal Income ETF has a 52-week low of $25.81 and a 52-week high of $27.54. The business has a fifty day moving average of $27.31 and a two-hundred day moving average of $27.10.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a $0.0672 dividend. 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 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.