NewEdge Advisors LLC Grows Stock Position in Capital Group Municipal Income ETF $CGMU

NewEdge Advisors LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) by 45.4% in the 2nd quarter, Holdings Channel reports. The fund owned 326,066 shares of the company’s stock after purchasing an additional 101,804 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $8,957,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 672.6% during the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock worth $29,000 after purchasing an additional 908 shares in the last quarter. Core Wealth Advisors LLC acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter valued at $48,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at $58,000. Advisory Services Network LLC purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth $129,000. Finally, Quadrant Capital Group LLC purchased a new stake in Capital Group Municipal Income ETF during the 4th quarter worth $166,000.

Capital Group Municipal Income ETF Trading Up 0.3%

Shares of CGMU stock opened at $26.56 on Friday. The company’s fifty day moving average price is $27.10 and its two-hundred day moving average price is $27.31. Capital Group Municipal Income ETF has a 12 month low of $26.48 and a 12 month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.0878 per share. The ex-dividend date of this dividend was Friday, July 31st. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Capital Group Municipal Income ETF Company 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

Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report).

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

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