OLD Mission Capital LLC Buys New Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

OLD Mission Capital LLC purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 127,616 shares of the company’s stock, valued at approximately $3,435,000. OLD Mission Capital LLC owned approximately 0.50% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riggs Capital Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $237,000. Orion Portfolio Solutions LLC lifted its stake in Capital Group Municipal Income ETF by 5.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 436,825 shares of the company’s stock valued at $11,759,000 after buying an additional 23,054 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at approximately $382,000. LPL Financial LLC grew its position in shares of Capital Group Municipal Income ETF by 33.1% during the fourth quarter. LPL Financial LLC now owns 2,466,898 shares of the company’s stock worth $66,409,000 after acquiring an additional 613,618 shares during the last quarter. Finally, Gutierrez Wealth Advisory LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at $8,022,000.

Capital Group Municipal Income ETF Trading Up 0.3 %

CGMU stock opened at $26.89 on Wednesday. The company has a fifty day moving average price of $27.06 and a 200 day moving average price of $27.13. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were issued a $0.0775 dividend. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, March 28th.

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.