Venturi Wealth Management LLC Raises Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Venturi Wealth Management LLC boosted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 3.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 767,890 shares of the company’s stock after acquiring an additional 28,359 shares during the quarter. Capital Group Municipal Income ETF comprises about 1.0% of Venturi Wealth Management LLC’s portfolio, making the stock its 20th largest holding. Venturi Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $20,672,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the business. CGN Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 5.0% during the 4th quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock valued at $246,000 after acquiring an additional 434 shares during the last quarter. Peterson Wealth Advisors LLC raised 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 valued at $377,000 after purchasing an additional 620 shares during the period. Intergy Private Wealth LLC lifted its position in shares of Capital Group Municipal Income ETF by 2.0% in the fourth quarter. Intergy Private Wealth LLC now owns 37,994 shares of the company’s stock valued at $1,023,000 after acquiring an additional 751 shares in the last quarter. Northwest Financial Advisors boosted its stake in Capital Group Municipal Income ETF by 7.6% in the 4th quarter. Northwest Financial Advisors now owns 12,835 shares of the company’s stock worth $346,000 after purchasing an additional 910 shares during the period. Finally, ORG Partners LLC bought a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth $25,000.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.08 on Tuesday. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54. The stock has a 50 day moving average of $27.01 and a 200 day moving average of $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a $0.0626 dividend. The ex-dividend date was Friday, January 31st.

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.