93,477 Capital Group Municipal Income ETF $CGMU Shares Acquired by Retirement Planning Group LLC

Retirement Planning Group LLC raised its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 982.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 102,990 shares of the company’s stock after buying an additional 93,477 shares during the period. Retirement Planning Group LLC’s holdings in Capital Group Municipal Income ETF were worth $2,672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGMU. CoreCap Advisors LLC grew its holdings in shares of Capital Group Municipal Income ETF by 672.6% in the 2nd quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after acquiring an additional 908 shares in the last quarter. Capital Asset Advisory Services LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the first quarter valued at about $211,000. Mayflower Financial Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the first quarter valued at about $216,000. Affiance Financial LLC bought a new stake in Capital Group Municipal Income ETF during the second quarter worth about $219,000. Finally, CWS Financial Advisors LLC bought a new stake in Capital Group Municipal Income ETF during the first quarter worth about $226,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $26.36 on Tuesday. The stock has a 50 day moving average price of $26.56 and a 200 day moving average price of $27.06. Capital Group Municipal Income ETF has a 52 week low of $25.73 and a 52 week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.0773 per share. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.93 annualized dividend and a dividend yield of 3.5%.

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.