Benjamin Edwards Inc. Takes Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Benjamin Edwards Inc. purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 158,184 shares of the company’s stock, valued at approximately $4,344,000.

Several other hedge funds also recently added to or reduced their stakes in CGMU. Captrust Financial Advisors purchased a new position in Capital Group Municipal Income ETF during the 3rd quarter valued at $384,000. Freedom Investment Management Inc. bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth $284,000. Great Valley Advisor Group Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 19.1% during the third quarter. Great Valley Advisor Group Inc. now owns 905,293 shares of the company’s stock valued at $24,860,000 after purchasing an additional 145,439 shares during the period. First Horizon Advisors Inc. bought a new position in shares of Capital Group Municipal Income ETF in the third quarter worth about $122,000. Finally, Prospera Financial Services Inc purchased a new position in Capital Group Municipal Income ETF in the 3rd quarter worth about $258,000.

Capital Group Municipal Income ETF Price Performance

Capital Group Municipal Income ETF stock opened at $27.29 on Wednesday. The firm has a 50-day moving average of $27.24 and a two-hundred day moving average of $27.15. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were issued a $0.0674 dividend. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date was Friday, November 29th.

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.