Vestmark Advisory Solutions Inc. Acquires 91,014 Shares of Capital Group Municipal Income ETF $CGMU

Vestmark Advisory Solutions Inc. grew its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,149,959 shares of the company’s stock after purchasing an additional 91,014 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Municipal Income ETF were worth $31,486,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bare Financial Services Inc boosted its position in shares of Capital Group Municipal Income ETF by 221.4% during the fourth quarter. Bare Financial Services Inc now owns 12,395 shares of the company’s stock valued at $339,000 after buying an additional 8,538 shares during the last quarter. Global Retirement Partners LLC raised its position in Capital Group Municipal Income ETF by 8.3% in the 4th quarter. Global Retirement Partners LLC now owns 102,011 shares of the company’s stock valued at $2,793,000 after buying an additional 7,816 shares during the last quarter. IFP Advisors Inc raised its position in Capital Group Municipal Income ETF by 31.1% in the 4th quarter. IFP Advisors Inc now owns 26,577 shares of the company’s stock valued at $728,000 after buying an additional 6,307 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Capital Group Municipal Income ETF by 4.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 108,745 shares of the company’s stock valued at $2,977,000 after acquiring an additional 4,327 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Capital Group Municipal Income ETF by 4.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 102,246 shares of the company’s stock worth $2,800,000 after acquiring an additional 3,913 shares during the last quarter.

Capital Group Municipal Income ETF Trading Up 0.0%

NYSEARCA CGMU opened at $27.19 on Friday. The company has a fifty day moving average price of $27.34 and a 200-day moving average price of $27.46. Capital Group Municipal Income ETF has a 1 year low of $26.44 and a 1 year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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

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.