Thrivent Financial for Lutherans Buys New Holdings in Capital Group Municipal Income ETF $CGMU

Thrivent Financial for Lutherans acquired a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 48,082 shares of the company’s stock, valued at approximately $1,312,000.

Several other institutional investors have also modified their holdings of CGMU. Cornerstone Wealth Management LLC increased its holdings in Capital Group Municipal Income ETF by 120.4% in the third quarter. Cornerstone Wealth Management LLC now owns 36,632 shares of the company’s stock valued at $1,000,000 after buying an additional 20,013 shares during the last quarter. Robinson Smith Wealth Advisors LLC lifted its holdings in Capital Group Municipal Income ETF by 26.5% during the 3rd quarter. Robinson Smith Wealth Advisors LLC now owns 297,610 shares of the company’s stock worth $8,122,000 after buying an additional 62,278 shares during the last quarter. Truist Financial Corp lifted its holdings in Capital Group Municipal Income ETF by 11.7% during the 3rd quarter. Truist Financial Corp now owns 433,728 shares of the company’s stock worth $11,836,000 after buying an additional 45,418 shares during the last quarter. Adamsbrown Wealth Consultants LLC boosted its position in shares of Capital Group Municipal Income ETF by 18.0% during the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 12,745 shares of the company’s stock worth $348,000 after acquiring an additional 1,946 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in shares of Capital Group Municipal Income ETF by 3.6% in the 3rd quarter. Belpointe Asset Management LLC now owns 46,402 shares of the company’s stock valued at $1,266,000 after acquiring an additional 1,600 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $27.82 on Friday. The stock’s 50-day simple moving average is $27.51 and its 200-day simple moving average is $27.30. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.84.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were given a $0.0675 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%.

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.