Capital Group Municipal Income ETF $CGMU Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 16.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 622,200 shares of the company’s stock after buying an additional 87,841 shares during the quarter. Orion Porfolio Solutions LLC owned 0.39% of Capital Group Municipal Income ETF worth $16,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC boosted its stake in Capital Group Municipal Income ETF by 3.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 13,306 shares of the company’s stock worth $363,000 after purchasing an additional 433 shares in the last quarter. Cerity Partners LLC raised its stake in Capital Group Municipal Income ETF by 0.7% in the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after acquiring an additional 433 shares during the last quarter. Nwam LLC lifted its position in Capital Group Municipal Income ETF by 2.5% during the 2nd quarter. Nwam LLC now owns 18,147 shares of the company’s stock worth $484,000 after acquiring an additional 439 shares during the period. Seamount Financial Group Inc. lifted its position in Capital Group Municipal Income ETF by 3.7% during the 3rd quarter. Seamount Financial Group Inc. now owns 13,163 shares of the company’s stock worth $359,000 after acquiring an additional 464 shares during the period. Finally, Financial Perspectives Inc grew its stake in Capital Group Municipal Income ETF by 12.2% during the 3rd quarter. Financial Perspectives Inc now owns 5,621 shares of the company’s stock valued at $153,000 after purchasing an additional 613 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.66 on Friday. The business has a 50-day moving average price of $27.64 and a 200-day moving average price of $27.40. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0827 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, February 27th.

Capital Group Municipal Income ETF 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.