Global Retirement Partners LLC Buys 3,868 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Global Retirement Partners LLC boosted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 48.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,785 shares of the company’s stock after acquiring an additional 3,868 shares during the period. Global Retirement Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CGMU. Raymond James & Associates boosted its stake in shares of Capital Group Municipal Income ETF by 19.9% in the 3rd quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock valued at $4,069,000 after purchasing an additional 24,598 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Capital Group Municipal Income ETF by 65.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 13,700 shares of the company’s stock valued at $376,000 after buying an additional 5,400 shares during the period. Souders Financial Advisors boosted its position in Capital Group Municipal Income ETF by 7.1% during the third quarter. Souders Financial Advisors now owns 47,680 shares of the company’s stock valued at $1,309,000 after acquiring an additional 3,165 shares during the last quarter. Freedom Investment Management Inc. acquired a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth about $284,000. Finally, Ascent Group LLC acquired a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth about $566,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.19 on Tuesday. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54. The business’s 50-day moving average is $26.99 and its 200-day moving average is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.0626 dividend. The ex-dividend date of this dividend was Friday, January 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.