Stonebridge Financial Group LLC Takes $8.88 Million Position in Capital Group Municipal Income ETF $CGMU

Stonebridge Financial Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 332,639 shares of the company’s stock, valued at approximately $8,878,000. Stonebridge Financial Group LLC owned approximately 0.26% of Capital Group Municipal Income ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CGMU. Financial Perspectives Inc bought a new stake in shares of Capital Group Municipal Income ETF during the first quarter valued at approximately $33,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Capital Group Municipal Income ETF during the first quarter valued at approximately $39,000. Opal Wealth Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF during the first quarter valued at approximately $46,000. Pinnacle Bancorp Inc. increased its position in shares of Capital Group Municipal Income ETF by 49.1% during the second quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after acquiring an additional 646 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of Capital Group Municipal Income ETF by 37.5% during the first quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock valued at $91,000 after acquiring an additional 925 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU opened at $27.30 on Friday. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.46. The firm has a 50 day moving average of $27.02 and a 200 day moving average of $26.75.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a $0.0718 dividend. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.2%.

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.