Gateway Wealth Partners LLC Buys 2,738 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Gateway Wealth Partners LLC raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 31.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,499 shares of the company’s stock after buying an additional 2,738 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGMU. Sunbelt Securities Inc. lifted its holdings in Capital Group Municipal Income ETF by 5.9% during the second quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock worth $181,000 after acquiring an additional 373 shares in the last quarter. CGN Advisors LLC raised its position in shares of Capital Group Municipal Income ETF by 5.0% during the fourth quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock worth $246,000 after purchasing an additional 434 shares during the period. Intergy Private Wealth LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 1.6% during the 3rd quarter. Intergy Private Wealth LLC now owns 37,243 shares of the company’s stock valued at $1,023,000 after purchasing an additional 570 shares in the last quarter. Peterson Wealth Advisors LLC grew its position in shares of Capital Group Municipal Income ETF by 4.7% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 13,726 shares of the company’s stock valued at $377,000 after purchasing an additional 620 shares during the period. Finally, Northwest Financial Advisors increased its stake in Capital Group Municipal Income ETF by 7.6% during the 4th quarter. Northwest Financial Advisors now owns 12,835 shares of the company’s stock worth $346,000 after purchasing an additional 910 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.07 on Thursday. Capital Group Municipal Income ETF has a 52 week low of $26.56 and a 52 week high of $27.54. The company’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $27.19.

Capital Group Municipal Income ETF Increases Dividend

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

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.