AdvisorNet Financial Inc Boosts Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

AdvisorNet Financial Inc raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 66.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,694 shares of the company’s stock after purchasing an additional 26,149 shares during the quarter. AdvisorNet Financial Inc owned 0.26% of Capital Group Municipal Income ETF worth $1,768,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in shares of Capital Group Municipal Income ETF by 19.9% in the third quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock valued at $4,069,000 after buying an additional 24,598 shares in the last quarter. Smith Thornton Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the 2nd quarter valued at about $750,000. LPL Financial LLC boosted its holdings in Capital Group Municipal Income ETF by 32.0% during the 2nd quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock valued at $32,042,000 after acquiring an additional 289,638 shares during the period. Thrive Wealth Management LLC grew its position in Capital Group Municipal Income ETF by 49.5% in the 3rd quarter. Thrive Wealth Management LLC now owns 47,313 shares of the company’s stock valued at $1,299,000 after acquiring an additional 15,659 shares in the last quarter. Finally, CWM LLC purchased a new stake in Capital Group Municipal Income ETF during the third quarter worth about $97,000.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU opened at $26.78 on Wednesday. The company’s 50-day simple moving average is $27.09 and its 200-day simple moving average is $27.20. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.0674 per share. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07.

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.