366,878 Capital Group Municipal Income ETF $CGMU Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 49.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,115,190 shares of the company’s stock after purchasing an additional 366,878 shares during the quarter. Kestra Advisory Services LLC owned about 0.40% of Capital Group Municipal Income ETF worth $28,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC grew its position in Capital Group Municipal Income ETF by 114.7% during the third quarter. Stonebridge Financial Group LLC now owns 765,597 shares of the company’s stock worth $19,860,000 after buying an additional 408,964 shares in the last quarter. Independent Financial Group LLC acquired a new position in Capital Group Municipal Income ETF in the 1st quarter valued at $527,000. Western Wealth Management LLC raised its holdings in Capital Group Municipal Income ETF by 91.3% in the 1st quarter. Western Wealth Management LLC now owns 59,505 shares of the company’s stock valued at $1,616,000 after acquiring an additional 28,404 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 24.6% during the 1st quarter. NewEdge Advisors LLC now owns 224,262 shares of the company’s stock valued at $6,089,000 after acquiring an additional 44,220 shares during the period. Finally, Cornerstone Advisors Asset Management LLC lifted its position in shares of Capital Group Municipal Income ETF by 23.9% during the 2nd quarter. Cornerstone Advisors Asset Management LLC now owns 223,595 shares of the company’s stock valued at $6,142,000 after acquiring an additional 43,156 shares during the period.

Capital Group Municipal Income ETF Price Performance

CGMU opened at $26.97 on Friday. Capital Group Municipal Income ETF has a 52-week low of $25.73 and a 52-week high of $27.93. The business’s fifty day moving average is $26.45 and its 200-day moving average is $27.16.

Capital Group Municipal Income ETF Cuts Dividend

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

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.