Assetmark Inc. Acquires 183,615 Shares of Capital Group Municipal Income ETF $CGMU

Assetmark Inc. grew its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 20.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,082,258 shares of the company’s stock after acquiring an additional 183,615 shares during the period. Assetmark Inc.’s holdings in Capital Group Municipal Income ETF were worth $29,535,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC bought a new stake in Capital Group Municipal Income ETF during the third quarter worth about $42,000. Root Financial Partners LLC bought a new stake in Capital Group Municipal Income ETF in the third quarter valued at $102,000. Farther Finance Advisors LLC bought a new stake in Capital Group Municipal Income ETF in the third quarter valued at $125,000. Financial Perspectives Inc boosted its position in Capital Group Municipal Income ETF by 301.6% during the 2nd quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock valued at $134,000 after acquiring an additional 3,761 shares in the last quarter. Finally, United Advisor Group LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 2nd quarter valued at $201,000.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.82 on Friday. The business has a fifty day moving average price of $27.51 and a 200-day moving average price of $27.30. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.84.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were paid a $0.0675 dividend. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, January 30th.

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.