Endeavor Private Wealth Inc. Invests $83,000 in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Endeavor Private Wealth Inc. purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,099 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its position in Capital Group Municipal Income ETF by 5.9% in the second quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock valued at $181,000 after buying an additional 373 shares during the last quarter. CGN Advisors LLC raised its holdings in Capital Group Municipal Income ETF by 5.0% in the fourth quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock valued at $246,000 after acquiring an additional 434 shares in the last quarter. Intergy Private Wealth LLC lifted its position in shares of Capital Group Municipal Income ETF by 1.6% during the 3rd quarter. Intergy Private Wealth LLC now owns 37,243 shares of the company’s stock worth $1,023,000 after purchasing an additional 570 shares during the last quarter. Peterson Wealth Advisors LLC boosted its position in shares of Capital Group Municipal Income ETF by 4.7% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 13,726 shares of the company’s stock worth $377,000 after acquiring an additional 620 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $25,000.

Capital Group Municipal Income ETF Trading Down 0.1 %

NYSEARCA CGMU opened at $26.91 on Thursday. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54. The business’s 50 day moving average is $27.07 and its two-hundred day moving average is $27.19.

Capital Group Municipal Income ETF Increases Dividend

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

About Capital Group Municipal Income ETF

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.