Capital Group Municipal Income ETF $CGMU Shares Purchased by Retirement Planning Group LLC

Retirement Planning Group LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 982.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,990 shares of the company’s stock after acquiring an additional 93,477 shares during the quarter. Retirement Planning Group LLC’s holdings in Capital Group Municipal Income ETF were worth $2,672,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Capital Group Municipal Income ETF by 119.9% in the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after acquiring an additional 924,704 shares during the period. Envestnet Asset Management Inc. lifted its stake in Capital Group Municipal Income ETF by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock valued at $376,376,000 after purchasing an additional 859,323 shares during the last quarter. Cetera Investment Advisers lifted its stake in Capital Group Municipal Income ETF by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after purchasing an additional 720,377 shares during the last quarter. Clear Trail Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the 1st quarter valued at about $13,906,000. Finally, Kestra Advisory Services LLC grew its holdings in Capital Group Municipal Income ETF by 254.0% during the first quarter. Kestra Advisory Services LLC now owns 608,109 shares of the company’s stock worth $16,510,000 after purchasing an additional 436,307 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $26.36 on Tuesday. The stock has a 50-day simple moving average of $26.56 and a 200 day simple moving average of $27.06. 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 paid a dividend of $0.0773 per share. The ex-dividend date was Tuesday, September 29th. This represents a $0.93 annualized dividend and a dividend yield of 3.5%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702.

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.