Jones Financial Companies Lllp Buys 311,810 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Jones Financial Companies Lllp raised its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 216.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 455,567 shares of the company’s stock after purchasing an additional 311,810 shares during the period. Jones Financial Companies Lllp owned 1.79% of Capital Group Municipal Income ETF worth $12,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CGMU. MML Investors Services LLC grew its holdings in Capital Group Municipal Income ETF by 111.7% during the 3rd quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock valued at $33,061,000 after purchasing an additional 635,133 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Capital Group Municipal Income ETF by 164,421.8% during the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock valued at $30,495,000 after buying an additional 1,109,847 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Capital Group Municipal Income ETF by 9.4% in the third quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock worth $26,656,000 after buying an additional 83,194 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of Capital Group Municipal Income ETF by 19.1% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 905,293 shares of the company’s stock worth $24,860,000 after acquiring an additional 145,439 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Capital Group Municipal Income ETF by 3.8% during the 4th quarter. Venturi Wealth Management LLC now owns 767,890 shares of the company’s stock valued at $20,672,000 after acquiring an additional 28,359 shares during the period.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.26 on Tuesday. Capital Group Municipal Income ETF has a twelve month low of $26.56 and a twelve month high of $27.54. The business’s fifty day simple moving average is $27.02 and its two-hundred day simple moving average is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a $0.0626 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.