Capital Group Municipal Income ETF $CGMU Stock Holdings Lifted by Leverty Financial Group LLC

Leverty Financial Group LLC increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 79.7% during the third quarter, Holdings Channel reports. The fund owned 301,063 shares of the company’s stock after acquiring an additional 133,560 shares during the quarter. Capital Group Municipal Income ETF makes up 1.4% of Leverty Financial Group LLC’s holdings, making the stock its 11th largest holding. Leverty Financial Group LLC’s holdings in Capital Group Municipal Income ETF were worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in Capital Group Municipal Income ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock worth $376,376,000 after purchasing an additional 859,323 shares in the last quarter. LPL Financial LLC boosted its position in shares of Capital Group Municipal Income ETF by 28.0% in the fourth quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock worth $184,996,000 after buying an additional 1,479,528 shares during the period. Cetera Investment Advisers boosted its position in shares of Capital Group Municipal Income ETF by 17.3% in the first quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock worth $132,429,000 after buying an additional 720,377 shares during the period. MML Investors Services LLC grew its holdings in shares of Capital Group Municipal Income ETF by 12.6% during the fourth quarter. MML Investors Services LLC now owns 2,377,012 shares of the company’s stock valued at $65,083,000 after buying an additional 265,406 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Capital Group Municipal Income ETF by 119.9% during the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after buying an additional 924,704 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.0%

Capital Group Municipal Income ETF stock traded up $0.01 during mid-day trading on Thursday, hitting $25.91. The company’s stock had a trading volume of 2,628,712 shares, compared to its average volume of 1,431,760. The firm’s 50 day moving average is $26.71 and its 200 day moving average is $27.12. Capital Group Municipal Income ETF has a 52-week low of $25.73 and a 52-week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.0773 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702.

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.