Capital Group Municipal Income ETF $CGMU Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 709,009 shares of the company’s stock after acquiring an additional 5,874 shares during the period. Capital Group Municipal Income ETF comprises 1.0% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 18th biggest position. Confluence Wealth Services Inc. owned approximately 0.56% of Capital Group Municipal Income ETF worth $18,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Perspectives Inc purchased a new stake in Capital Group Municipal Income ETF during the first quarter worth about $33,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Capital Group Municipal Income ETF in the first quarter valued at approximately $39,000. Opal Wealth Advisors LLC purchased a new stake in Capital Group Municipal Income ETF during the 1st quarter worth approximately $46,000. Pinnacle Bancorp Inc. lifted its holdings in Capital Group Municipal Income ETF by 49.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after buying an additional 646 shares in the last quarter. Finally, NBC Securities Inc. lifted its holdings in Capital Group Municipal Income ETF by 105,400.0% during the 1st quarter. NBC Securities Inc. now owns 3,165 shares of the company’s stock worth $84,000 after buying an additional 3,162 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.21 on Monday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.46. The company has a fifty day simple moving average of $26.97 and a two-hundred day simple moving average of $26.73.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were issued a dividend of $0.0718 per share. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, September 29th. This represents a c) annualized dividend and a yield of 3.2%.

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.