Freedom Investment Management Inc. Raises Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Freedom Investment Management Inc. boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,727 shares of the company’s stock after purchasing an additional 382 shares during the period. Freedom Investment Management Inc.’s holdings in Capital Group Municipal Income ETF were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGMU. ORG Partners LLC bought a new position in Capital Group Municipal Income ETF in the fourth quarter worth about $25,000. Spire Wealth Management purchased a new position in Capital Group Municipal Income ETF during the fourth quarter valued at $25,000. Pinnacle Bancorp Inc. purchased a new position in shares of Capital Group Municipal Income ETF in the 4th quarter worth about $35,000. Rosenberg Matthew Hamilton bought a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth approximately $56,000. Finally, Creative Financial Designs Inc. ADV lifted its position in Capital Group Municipal Income ETF by 56.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,394 shares of the company’s stock valued at $64,000 after acquiring an additional 863 shares in the last quarter.

Capital Group Municipal Income ETF Stock Down 0.3 %

Capital Group Municipal Income ETF stock opened at $26.31 on Tuesday. The business’s fifty day moving average is $26.87 and its 200 day moving average is $27.02. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were paid a $0.0775 dividend. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.06. The ex-dividend date was Friday, March 28th.

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.