Capital Group Municipal Income ETF $CGMU Shares Acquired by Leverty Financial Group LLC

Leverty Financial Group LLC boosted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 79.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 301,063 shares of the company’s stock after buying an additional 133,560 shares during the period. Capital Group Municipal Income ETF accounts for 1.4% of Leverty Financial Group LLC’s portfolio, making the stock its 11th biggest holding. Leverty Financial Group LLC owned about 0.11% of Capital Group Municipal Income ETF worth $7,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Stonebridge Financial Group LLC lifted its stake in shares of Capital Group Municipal Income ETF by 114.7% in the 3rd quarter. Stonebridge Financial Group LLC now owns 765,597 shares of the company’s stock worth $19,860,000 after acquiring an additional 408,964 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Capital Group Municipal Income ETF by 19.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 333,857 shares of the company’s stock valued at $9,171,000 after acquiring an additional 54,273 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Municipal Income ETF by 6.7% in the second quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock valued at $376,376,000 after acquiring an additional 859,323 shares in the last quarter. Capital Analysts LLC increased its stake in shares of Capital Group Municipal Income ETF by 12.5% during the second quarter. Capital Analysts LLC now owns 1,078,448 shares of the company’s stock valued at $29,624,000 after acquiring an additional 119,984 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Capital Group Municipal Income ETF by 28.9% during the second quarter. Integrated Wealth Concepts LLC now owns 52,653 shares of the company’s stock valued at $1,446,000 after acquiring an additional 11,793 shares during the period.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU traded up $0.01 during midday trading on Thursday, hitting $25.91. 2,628,712 shares of the stock were exchanged, compared to its average volume of 1,431,760. Capital Group Municipal Income ETF has a one year low of $25.73 and a one year high of $27.93. The business has a 50-day moving average price of $26.71 and a two-hundred day moving average price of $27.12.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.0773 dividend. This represents a $0.93 annualized dividend and a yield of 3.6%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Tuesday, September 29th.

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.