AA Financial Advisors LLC Has $1.61 Million Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

AA Financial Advisors LLC increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 6.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 59,670 shares of the company’s stock after buying an additional 3,509 shares during the quarter. AA Financial Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $1,606,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth $25,000. Transcendent Capital Group LLC acquired a new stake in Capital Group Municipal Income ETF during the third quarter worth about $32,000. Pinnacle Bancorp Inc. acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter worth about $35,000. Creative Financial Designs Inc. ADV increased its holdings in Capital Group Municipal Income ETF by 268.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after buying an additional 1,116 shares during the period. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $56,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $27.07 on Friday. The firm’s 50 day simple moving average is $27.06 and its 200 day simple moving average is $27.19. 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 $0.0674 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.07.

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.