Capital Management Associates Inc Purchases New Shares in Capital Group Municipal Income ETF $CGMU

Capital Management Associates Inc acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,014 shares of the company’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGMU. Blue Chip Partners LLC lifted its position in shares of Capital Group Municipal Income ETF by 2,093.0% during the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after buying an additional 1,448,696 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Municipal Income ETF by 35.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock valued at $132,851,000 after acquiring an additional 1,314,330 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in shares of Capital Group Municipal Income ETF by 111.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 1,948,750 shares of the company’s stock valued at $52,012,000 after acquiring an additional 1,027,021 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group Municipal Income ETF by 13.7% during the second quarter. Envestnet Asset Management Inc. now owns 8,424,405 shares of the company’s stock worth $224,847,000 after acquiring an additional 1,017,473 shares during the period. Finally, Osaic Holdings Inc. boosted its position in Capital Group Municipal Income ETF by 36.5% in the second quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock worth $54,300,000 after purchasing an additional 543,338 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.41 on Tuesday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.56. The business has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $27.12.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.0872 per share. The ex-dividend date was Wednesday, December 24th. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.8%.

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.