Capital Group Municipal Income ETF $CGMU Stock: Gutierrez Wealth Advisory LLC Boosts Stake

Gutierrez Wealth Advisory LLC lifted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 48.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 402,183 shares of the company’s stock after purchasing an additional 130,588 shares during the quarter. Capital Group Municipal Income ETF accounts for approximately 5.5% of Gutierrez Wealth Advisory LLC’s investment portfolio, making the stock its 5th largest position. Gutierrez Wealth Advisory LLC’s holdings in Capital Group Municipal Income ETF were worth $10,433,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. CoreCap Advisors LLC increased its position in Capital Group Municipal Income ETF by 672.6% in the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock worth $29,000 after purchasing an additional 908 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in Capital Group Municipal Income ETF by 52.3% during the third quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock valued at $73,000 after purchasing an additional 970 shares in the last quarter. Root Financial Partners LLC bought a new position in Capital Group Municipal Income ETF during the third quarter valued at $97,000. Signature Equity Partners LLC bought a new position in Capital Group Municipal Income ETF during the third quarter valued at $129,000. Finally, MBE Wealth Management LLC bought a new position in Capital Group Municipal Income ETF during the third quarter valued at $203,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $26.92 on Friday. Capital Group Municipal Income ETF has a 52 week low of $25.73 and a 52 week high of $27.93. The firm has a fifty day simple moving average of $26.45 and a two-hundred day simple moving average of $27.17.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were given a dividend of $0.0763 per share. The ex-dividend date was Friday, October 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.

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.