Capital Group Municipal Income ETF $CGMU Shares Bought by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 33.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 94,489 shares of the company’s stock after buying an additional 23,705 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $2,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sand Hill Global Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 2nd quarter worth approximately $511,000. Penney Financial LLC purchased a new position in Capital Group Municipal Income ETF during the third quarter worth approximately $1,604,000. D.A. Davidson & CO. acquired a new position in Capital Group Municipal Income ETF during the second quarter worth $241,000. Confluence Wealth Services Inc. boosted its stake in Capital Group Municipal Income ETF by 5.3% during the third quarter. Confluence Wealth Services Inc. now owns 746,403 shares of the company’s stock worth $20,369,000 after buying an additional 37,394 shares during the last quarter. Finally, NavPoint Financial Inc. grew its holdings in Capital Group Municipal Income ETF by 9.8% in the 2nd quarter. NavPoint Financial Inc. now owns 91,818 shares of the company’s stock valued at $2,451,000 after buying an additional 8,157 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.0%

NYSEARCA CGMU opened at $27.55 on Friday. The business’s fifty day simple moving average is $27.43 and its 200-day simple moving average is $27.19. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.61.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.0872 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. 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 Wednesday, December 24th.

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.