Cetera Investment Advisers Has $78.84 Million Stock Position in Capital Group Municipal Income ETF $CGMU

Cetera Investment Advisers raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 14.7% during the 2nd quarter, Holdings Channel reports. The fund owned 2,954,080 shares of the company’s stock after acquiring an additional 378,221 shares during the period. Cetera Investment Advisers’ holdings in Capital Group Municipal Income ETF were worth $78,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CGMU. Kestra Private Wealth Services LLC raised its stake in Capital Group Municipal Income ETF by 32.4% in 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 in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Capital Group Municipal Income ETF during the 2nd quarter worth approximately $241,000. Raymond James Financial Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 89.7% during the first 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 period. NavPoint Financial Inc. raised its position in shares of Capital Group Municipal Income ETF by 9.8% in the second quarter. NavPoint Financial Inc. now owns 91,818 shares of the company’s stock valued at $2,451,000 after buying an additional 8,157 shares in the last quarter. Finally, Petredis Investment Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the second quarter valued at approximately $2,223,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.37 on Friday. The business’s 50 day simple moving average is $27.34 and its 200 day simple moving average is $26.91. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were given a dividend of $0.0858 per share. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, October 31st.

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.