Wealthcare Advisory Partners LLC Raises Stock Position in Capital Group Municipal Income ETF $CGMU

Wealthcare Advisory Partners LLC lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,546 shares of the company’s stock after acquiring an additional 18,169 shares during the quarter. Wealthcare Advisory Partners LLC owned 0.15% of Capital Group Municipal Income ETF worth $6,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CGMU. Smartleaf Asset Management LLC purchased a new stake in Capital Group Municipal Income ETF during the third quarter worth $42,000. Root Financial Partners LLC purchased a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at $102,000. Farther Finance Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $125,000. Financial Perspectives Inc boosted its position in shares of Capital Group Municipal Income ETF by 12.2% in the 3rd quarter. Financial Perspectives Inc now owns 5,621 shares of the company’s stock worth $153,000 after buying an additional 613 shares in the last quarter. Finally, United Advisor Group LLC acquired a new stake in Capital Group Municipal Income ETF in the 2nd quarter valued at about $201,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.84 on Wednesday. The firm has a 50-day moving average price of $27.53 and a two-hundred day moving average price of $27.32. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month 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. Investors of record on Friday, January 30th were given a dividend of $0.0675 per share. 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.