Stephens Inc. AR Increases Holdings in Capital Group Municipal Income ETF $CGMU

Stephens Inc. AR increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 43.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,745 shares of the company’s stock after purchasing an additional 22,835 shares during the period. Stephens Inc. AR’s holdings in Capital Group Municipal Income ETF were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CGMU. Capital International Investors boosted its position in Capital Group Municipal Income ETF by 14.8% during the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after purchasing an additional 5,890,074 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Municipal Income ETF by 32.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after purchasing an additional 1,620,219 shares during the period. Envestnet Asset Management Inc. boosted its position in Capital Group Municipal Income ETF by 18.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after purchasing an additional 1,573,897 shares during the period. Blue Chip Partners LLC boosted its position in Capital Group Municipal Income ETF by 2,093.0% during the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after purchasing an additional 1,448,696 shares during the period. Finally, Aprio Wealth Management LLC purchased a new stake in Capital Group Municipal Income ETF during the 4th quarter worth $22,189,000.

Capital Group Municipal Income ETF Stock Down 0.3%

Shares of Capital Group Municipal Income ETF stock opened at $27.13 on Wednesday. The company has a fifty day moving average price of $27.36 and a 200 day moving average price of $27.47. Capital Group Municipal Income ETF has a twelve month low of $26.44 and a twelve month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0827 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.7%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.