Souders Financial Advisors Boosts Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Souders Financial Advisors grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,680 shares of the company’s stock after purchasing an additional 3,165 shares during the period. Souders Financial Advisors’ holdings in Capital Group Municipal Income ETF were worth $1,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in shares of Capital Group Municipal Income ETF by 21.5% during the 1st 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 during the period. Avantax Advisory Services Inc. purchased a new position in Capital Group Municipal Income ETF in the first quarter valued at about $375,000. Wintrust Investments LLC grew its position in shares of Capital Group Municipal Income ETF by 68.3% during the 1st quarter. Wintrust Investments LLC now owns 47,176 shares of the company’s stock valued at $1,274,000 after acquiring an additional 19,146 shares during the period. Osaic Holdings Inc. increased its stake in shares of Capital Group Municipal Income ETF by 20.0% during the 1st quarter. Osaic Holdings Inc. now owns 460,805 shares of the company’s stock worth $12,446,000 after purchasing an additional 76,685 shares during the last quarter. Finally, Capital Group Private Client Services Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 22.9% in the 1st quarter. Capital Group Private Client Services Inc. now owns 575,613 shares of the company’s stock worth $15,547,000 after purchasing an additional 107,429 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $27.07 on Wednesday. The stock has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $27.12. Capital Group Municipal Income ETF has a 1-year low of $25.87 and a 1-year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a dividend of $0.0672 per share. This is an increase 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.