Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 65.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,700 shares of the company’s stock after buying an additional 5,400 shares during the quarter. Nations Financial Group Inc. IA ADV owned 0.05% of Capital Group Municipal Income ETF worth $376,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its position in Capital Group Municipal Income ETF by 5.9% in the second quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock worth $181,000 after buying an additional 373 shares during the last quarter. Intergy Private Wealth LLC grew its position in Capital Group Municipal Income ETF by 1.6% during the 3rd quarter. Intergy Private Wealth LLC now owns 37,243 shares of the company’s stock worth $1,023,000 after purchasing an additional 570 shares in the last quarter. Peterson Wealth Advisors LLC grew its position in Capital Group Municipal Income ETF by 4.7% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 13,726 shares of the company’s stock worth $377,000 after purchasing an additional 620 shares in the last quarter. CGN Advisors LLC grew its position in Capital Group Municipal Income ETF by 8.4% during the 2nd quarter. CGN Advisors LLC now owns 8,202 shares of the company’s stock worth $220,000 after purchasing an additional 636 shares in the last quarter. Finally, Tempus Wealth Planning LLC grew its position in Capital Group Municipal Income ETF by 1.9% during the 3rd quarter. Tempus Wealth Planning LLC now owns 54,694 shares of the company’s stock worth $1,502,000 after purchasing an additional 1,004 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $27.11 on Friday. Capital Group Municipal Income ETF has a twelve month low of $26.03 and a twelve month high of $27.54. The firm’s 50 day moving average price is $27.29 and its two-hundred day moving average price is $27.12.

Capital Group Municipal Income ETF Increases Dividend

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

Capital Group Municipal Income ETF 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.