Modern Wealth Management LLC Takes $382,000 Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Modern Wealth Management LLC acquired a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,065 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Capital Group Municipal Income ETF by 164,421.8% in the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock valued at $30,495,000 after purchasing an additional 1,109,847 shares during the period. MML Investors Services LLC increased its holdings in Capital Group Municipal Income ETF by 111.7% in the 3rd quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after buying an additional 635,133 shares during the period. LPL Financial LLC raised its position in Capital Group Municipal Income ETF by 33.1% during the 4th quarter. LPL Financial LLC now owns 2,466,898 shares of the company’s stock worth $66,409,000 after buying an additional 613,618 shares during the last quarter. Confluence Wealth Services Inc. lifted its stake in Capital Group Municipal Income ETF by 1,240.3% during the 4th quarter. Confluence Wealth Services Inc. now owns 624,857 shares of the company’s stock valued at $16,815,000 after acquiring an additional 578,236 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at $11,233,000.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $26.75 on Friday. The firm has a fifty day moving average price of $27.07 and a 200 day moving average price of $27.15. 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 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a dividend of $0.0626 per share. The ex-dividend date of this dividend 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.