Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Bought by TrueWealth Advisors LLC

TrueWealth Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,111 shares of the company’s stock after purchasing an additional 4,118 shares during the period. TrueWealth Advisors LLC owned approximately 0.11% of Capital Group Municipal Income ETF worth $757,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CGMU. Envestnet Asset Management Inc. raised its position in Capital Group Municipal Income ETF by 2.7% during the second quarter. Envestnet Asset Management Inc. now owns 707,944 shares of the company’s stock valued at $19,008,000 after buying an additional 18,757 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Capital Group Municipal Income ETF by 25.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 111,619 shares of the company’s stock worth $2,997,000 after purchasing an additional 22,430 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in Capital Group Municipal Income ETF in the 2nd quarter worth approximately $119,000. Insigneo Advisory Services LLC bought a new position in Capital Group Municipal Income ETF during the second quarter worth $533,000. Finally, Smith Thornton Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the second quarter valued at about $750,000.

Capital Group Municipal Income ETF Stock Up 0.3 %

Capital Group Municipal Income ETF stock opened at $26.93 on Friday. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54. The business has a 50 day moving average price of $27.08 and a two-hundred day moving average price of $27.19.

Capital Group Municipal Income ETF Increases Dividend

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

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.