Capital Group Municipal Income ETF (NYSEARCA:CGMU) to Issue $0.07 Monthly Dividend

Capital Group Municipal Income ETF (NYSEARCA:CGMU) announced a monthly dividend on Wednesday, November 26th. Stockholders of record on Friday, November 28th will be given a dividend of 0.0689 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, November 28th.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU traded up $0.05 during trading on Thursday, reaching $27.45. 669,669 shares of the stock were exchanged, compared to its average volume of 685,831. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.56. The stock has a fifty day moving average of $27.37 and a two-hundred day moving average of $26.96.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CGMU. Smartleaf Asset Management LLC purchased a new position in Capital Group Municipal Income ETF during the 3rd quarter worth $42,000. Pinnacle Bancorp Inc. raised its stake in shares of Capital Group Municipal Income ETF by 49.1% in the second quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after buying an additional 646 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in Capital Group Municipal Income ETF during the third quarter valued at about $58,000. Ameriflex Group Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at approximately $67,000. Finally, Root Financial Partners LLC bought a new position in shares of Capital Group Municipal Income ETF in the third quarter worth $102,000.

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.