Michael Brady & Co. LLC Makes New Investment in Capital Group Municipal Income ETF $CGMU

Michael Brady & Co. LLC bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 272,757 shares of the company’s stock, valued at approximately $7,468,000. Capital Group Municipal Income ETF accounts for 7.5% of Michael Brady & Co. LLC’s investment portfolio, making the stock its 6th biggest position. Michael Brady & Co. LLC owned about 0.15% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new position in Capital Group Municipal Income ETF during the third quarter worth about $42,000. CIBC Private Wealth Group LLC purchased a new position in Capital Group Municipal Income ETF during the third quarter valued at approximately $58,000. Ameriflex Group Inc. bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $67,000. Flagship Harbor Advisors LLC purchased a new stake in Capital Group Municipal Income ETF in the 4th quarter worth approximately $78,000. Finally, Root Financial Partners LLC purchased a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth approximately $102,000.

Capital Group Municipal Income ETF Trading Up 0.0%

NYSEARCA CGMU opened at $27.49 on Tuesday. Capital Group Municipal Income ETF has a 1 year low of $26.22 and a 1 year high of $27.93. The company’s 50 day simple moving average is $27.53 and its two-hundred day simple moving average is $27.47.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.0827 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.6%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Capital Group Municipal Income ETF Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

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