Capital Group Municipal Income ETF $CGMU Shares Acquired by Northwest Financial Advisors

Northwest Financial Advisors lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 152.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,222 shares of the company’s stock after acquiring an additional 20,667 shares during the quarter. Capital Group Municipal Income ETF accounts for approximately 1.3% of Northwest Financial Advisors’ portfolio, making the stock its 22nd largest holding. Northwest Financial Advisors’ holdings in Capital Group Municipal Income ETF were worth $913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CGMU. Golden State Wealth Management LLC increased its stake in shares of Capital Group Municipal Income ETF by 37.5% during the first quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock worth $91,000 after acquiring an additional 925 shares during the period. Private Trust Co. NA increased its stake in shares of Capital Group Municipal Income ETF by 121.6% during the first quarter. Private Trust Co. NA now owns 14,496 shares of the company’s stock worth $389,000 after acquiring an additional 7,954 shares during the period. Novem Group increased its stake in shares of Capital Group Municipal Income ETF by 47.7% during the first quarter. Novem Group now owns 81,084 shares of the company’s stock worth $2,175,000 after acquiring an additional 26,189 shares during the period. Latitude Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the first quarter worth about $210,000. Finally, Gutierrez Wealth Advisory LLC increased its stake in shares of Capital Group Municipal Income ETF by 12.9% during the first quarter. Gutierrez Wealth Advisory LLC now owns 336,418 shares of the company’s stock worth $9,023,000 after acquiring an additional 38,419 shares during the period.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.49 on Wednesday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.51. The company’s 50-day moving average price is $27.19 and its 200 day moving average price is $26.82.

Capital Group Municipal Income ETF Increases Dividend

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

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.