Capital Group Municipal Income ETF $CGMU Shares Acquired by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 332,407 shares of the company’s stock after acquiring an additional 34,797 shares during the quarter. Capital Group Municipal Income ETF comprises about 6.2% of Robinson Smith Wealth Advisors LLC’s holdings, making the stock its 2nd largest position. Robinson Smith Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $9,101,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CGMU. Jane Street Group LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 23.6% in the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock valued at $6,117,000 after acquiring an additional 43,538 shares during the period. Cerity Partners LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 0.7% in the second quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock valued at $1,607,000 after acquiring an additional 433 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 105.7% in the second quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock valued at $3,297,000 after acquiring an additional 63,473 shares during the period. Sei Investments Co. acquired a new stake in shares of Capital Group Municipal Income ETF in the second quarter valued at approximately $6,154,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Capital Group Municipal Income ETF by 45.6% in the second quarter. Raymond James Financial Inc. now owns 1,152,361 shares of the company’s stock valued at $30,757,000 after acquiring an additional 360,770 shares during the period.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.21 on Monday. Capital Group Municipal Income ETF has a twelve month low of $26.44 and a twelve month high of $27.93. The business has a 50 day simple moving average of $27.34 and a 200-day simple moving average of $27.46.

Capital Group Municipal Income ETF Increases Dividend

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

Capital Group Municipal Income ETF Company 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.