Capital Group Municipal Income ETF $CGMU Shares Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 746,403 shares of the company’s stock after buying an additional 37,394 shares during the quarter. Capital Group Municipal Income ETF accounts for 1.0% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 19th largest position. Confluence Wealth Services Inc. owned approximately 0.48% of Capital Group Municipal Income ETF worth $20,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CGMU. Jane Street Group LLC increased its position in shares of Capital Group Municipal Income ETF by 23.6% during the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after acquiring an additional 43,538 shares during the period. Sovran Advisors LLC grew its stake in Capital Group Municipal Income ETF by 31.1% during the 2nd quarter. Sovran Advisors LLC now owns 44,990 shares of the company’s stock worth $1,203,000 after purchasing an additional 10,663 shares in the last quarter. LongView Wealth Management increased its holdings in Capital Group Municipal Income ETF by 3.2% during the 2nd quarter. LongView Wealth Management now owns 43,262 shares of the company’s stock worth $1,155,000 after purchasing an additional 1,330 shares during the period. AA Financial Advisors LLC raised its position in Capital Group Municipal Income ETF by 2.5% in the 2nd quarter. AA Financial Advisors LLC now owns 61,175 shares of the company’s stock valued at $1,633,000 after purchasing an additional 1,505 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after buying an additional 646 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.59 on Friday. The business has a 50-day simple moving average of $27.42 and a 200-day simple moving average of $27.16. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.61.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.0872 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Capital Group Municipal Income ETF’s previous monthly 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.