Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 33.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,466,898 shares of the company’s stock after acquiring an additional 613,618 shares during the period. LPL Financial LLC owned 9.71% of Capital Group Municipal Income ETF worth $66,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Capital Group Municipal Income ETF by 164,421.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after purchasing an additional 1,109,847 shares during the period. MML Investors Services LLC boosted its stake in shares of Capital Group Municipal Income ETF by 111.7% during the third quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after buying an additional 635,133 shares during the period. Confluence Wealth Services Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 1,240.3% during the fourth quarter. Confluence Wealth Services Inc. now owns 624,857 shares of the company’s stock worth $16,815,000 after buying an additional 578,236 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Capital Group Municipal Income ETF in the 4th quarter valued at about $11,233,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at approximately $11,362,000.

Capital Group Municipal Income ETF Stock Down 0.4 %

Shares of NYSEARCA CGMU opened at $26.77 on Thursday. The stock has a fifty day moving average price of $27.07 and a 200 day moving average price 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 Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a $0.0626 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.