Petredis Investment Advisors LLC Buys Shares of 83,300 Capital Group Municipal Income ETF $CGMU

Petredis Investment Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the second quarter, Holdings Channel reports. The firm bought 83,300 shares of the company’s stock, valued at approximately $2,223,000.

Other institutional investors also recently modified their holdings of the company. Financial Perspectives Inc acquired a new stake in shares of Capital Group Municipal Income ETF during the 1st quarter valued at $33,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the 1st quarter valued at $39,000. Opal Wealth Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the 1st quarter valued at $46,000. Pinnacle Bancorp Inc. lifted its stake in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after purchasing an additional 646 shares during the last quarter. Finally, NBC Securities Inc. lifted its stake in shares of Capital Group Municipal Income ETF by 105,400.0% in the 1st quarter. NBC Securities Inc. now owns 3,165 shares of the company’s stock valued at $84,000 after purchasing an additional 3,162 shares during the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1%

CGMU stock opened at $27.33 on Friday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.54. The company has a fifty day simple moving average of $26.85 and a 200 day simple moving average of $26.72.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 29th were paid a $0.0674 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 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.