Financial Perspectives Inc Grows Stock Holdings in Capital Group Municipal Income ETF $CGMU

Financial Perspectives Inc lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 301.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,008 shares of the company’s stock after purchasing an additional 3,761 shares during the period. Financial Perspectives Inc’s holdings in Capital Group Municipal Income ETF were worth $134,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kestra Private Wealth Services LLC lifted its position in shares of Capital Group Municipal Income ETF by 32.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 26,683 shares of the company’s stock worth $716,000 after purchasing an additional 6,527 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Capital Group Municipal Income ETF by 89.7% during the 1st quarter. Raymond James Financial Inc. now owns 791,591 shares of the company’s stock worth $21,230,000 after purchasing an additional 374,330 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Capital Group Municipal Income ETF by 175.0% during the 1st quarter. Golden State Wealth Management LLC now owns 6,781 shares of the company’s stock worth $182,000 after purchasing an additional 4,315 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Capital Group Municipal Income ETF by 0.7% during the 1st quarter. Cerity Partners LLC now owns 59,769 shares of the company’s stock worth $1,603,000 after purchasing an additional 414 shares during the last quarter. Finally, NavPoint Financial Inc. lifted its position in shares of Capital Group Municipal Income ETF by 9.8% during the 2nd quarter. NavPoint Financial Inc. now owns 91,818 shares of the company’s stock worth $2,451,000 after purchasing an additional 8,157 shares during the last quarter.

Capital Group Municipal Income ETF Trading Up 0.1%

Shares of NYSEARCA:CGMU opened at $27.45 on Monday. The company’s fifty day moving average price is $27.10 and its 200 day moving average price is $26.77. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a dividend of $0.0718 per share. The ex-dividend date was Monday, September 29th. This represents a c) annualized dividend and a yield of 3.1%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.