Meridian Wealth Management LLC Has $685,000 Stake in Capital Group Municipal Income ETF $CGMU

Meridian Wealth Management LLC increased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 19.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,661 shares of the company’s stock after purchasing an additional 4,141 shares during the period. Meridian Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $685,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Pinnacle Bancorp Inc. raised its holdings in Capital Group Municipal Income ETF by 49.1% during the second quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after buying an additional 646 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Capital Group Municipal Income ETF by 81.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock worth $117,000 after acquiring an additional 1,977 shares in the last quarter. Financial Perspectives Inc increased its position in shares of Capital Group Municipal Income ETF by 301.6% during the second quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock worth $134,000 after acquiring an additional 3,761 shares in the last quarter. Avaii Wealth Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the 2nd quarter worth about $210,000. Finally, Richards Merrill & Peterson Inc. lifted its position in Capital Group Municipal Income ETF by 30.5% in the 2nd quarter. Richards Merrill & Peterson Inc. now owns 7,925 shares of the company’s stock valued at $212,000 after acquiring an additional 1,850 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1%

CGMU stock opened at $27.37 on Monday. The business has a 50-day simple moving average of $27.34 and a two-hundred day simple moving average of $26.91. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, October 31st. 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 dividend yield of 3.8%.

Capital Group Municipal Income ETF 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.