Capital Group Municipal Income ETF $CGMU Stock: Simplicity Wealth LLC Raises Stake

Simplicity Wealth LLC grew its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 35.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 101,379 shares of the company’s stock after purchasing an additional 26,530 shares during the period. Simplicity Wealth LLC’s holdings in Capital Group Municipal Income ETF were worth $2,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. purchased a new position in Capital Group Municipal Income ETF in the 3rd quarter worth approximately $2,237,000. Root Financial Partners LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter worth $97,000. Pinnacle Bancorp Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 52.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock worth $73,000 after purchasing an additional 970 shares in the last quarter. EnRich Financial Partners LLC increased its holdings in shares of Capital Group Municipal Income ETF by 0.8% in the 3rd quarter. EnRich Financial Partners LLC now owns 418,717 shares of the company’s stock worth $10,862,000 after purchasing an additional 3,404 shares in the last quarter. Finally, Seamount Financial Group Inc. raised its stake in shares of Capital Group Municipal Income ETF by 38.5% in the third quarter. Seamount Financial Group Inc. now owns 32,277 shares of the company’s stock worth $837,000 after purchasing an additional 8,976 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $26.62 on Monday. Capital Group Municipal Income ETF has a 1-year low of $25.73 and a 1-year high of $27.93. The business has a fifty day moving average price of $26.51 and a 200-day moving average price of $27.04.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0773 per share. This represents a $0.93 annualized dividend and a dividend yield of 3.5%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date of this dividend was Tuesday, September 29th.

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.