Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,480 shares of the company’s stock after purchasing an additional 1,275 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Capital Group Municipal Income ETF were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. increased its position in Capital Group Municipal Income ETF by 5.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock valued at $181,000 after acquiring an additional 373 shares during the period. New England Capital Financial Advisors LLC increased its position in Capital Group Municipal Income ETF by 0.3% in the 1st quarter. New England Capital Financial Advisors LLC now owns 110,796 shares of the company’s stock valued at $2,993,000 after acquiring an additional 375 shares during the period. Concourse Financial Group Securities Inc. increased its position in Capital Group Municipal Income ETF by 4.1% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 9,520 shares of the company’s stock valued at $258,000 after acquiring an additional 376 shares during the period. Intergy Private Wealth LLC increased its position in Capital Group Municipal Income ETF by 1.6% in the 3rd quarter. Intergy Private Wealth LLC now owns 37,243 shares of the company’s stock valued at $1,023,000 after acquiring an additional 570 shares during the period. Finally, Peterson Wealth Advisors LLC increased its position in Capital Group Municipal Income ETF by 4.7% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 13,726 shares of the company’s stock valued at $377,000 after acquiring an additional 620 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.10 on Wednesday. Capital Group Municipal Income ETF has a 52-week low of $25.32 and a 52-week high of $27.54. The stock’s 50-day moving average price is $27.36 and its 200 day moving average price is $27.10.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were given a $0.0672 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.05.

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.