Capital Group Municipal Income ETF $CGMU Stock Holdings Lifted by Sard Wealth Management Group LLC

Sard Wealth Management Group LLC lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 166.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,497 shares of the company’s stock after acquiring an additional 33,398 shares during the quarter. Capital Group Municipal Income ETF makes up approximately 0.6% of Sard Wealth Management Group LLC’s holdings, making the stock its 22nd biggest holding. Sard Wealth Management Group LLC’s holdings in Capital Group Municipal Income ETF were worth $1,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its holdings in Capital Group Municipal Income ETF by 672.6% during the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock worth $29,000 after buying an additional 908 shares during the period. Capital Asset Advisory Services LLC purchased a new position in shares of Capital Group Municipal Income ETF in the first quarter worth $211,000. Mayflower Financial Advisors LLC acquired a new stake in Capital Group Municipal Income ETF during the 1st quarter worth about $216,000. Affiance Financial LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the second quarter worth about $219,000. Finally, CWS Financial Advisors LLC acquired a new stake in Capital Group Municipal Income ETF during the 1st quarter valued at approximately $226,000.

Capital Group Municipal Income ETF Stock Up 0.0%

Capital Group Municipal Income ETF stock traded up $0.01 during midday trading on Friday, hitting $26.36. 3,144,056 shares of the company were exchanged, compared to its average volume of 1,517,170. Capital Group Municipal Income ETF has a fifty-two week low of $25.73 and a fifty-two week high of $27.93. The business has a fifty day simple moving average of $26.58 and a two-hundred day simple moving average of $27.07.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0773 per share. This is a boost 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 yield of 3.5%.

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.