Glenview Trust co Invests $511,000 in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Glenview Trust co purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,984 shares of the company’s stock, valued at approximately $511,000. Glenview Trust co owned 0.07% of Capital Group Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth $234,000. Nations Financial Group Inc. IA ADV raised its stake in Capital Group Municipal Income ETF by 21.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 16,700 shares of the company’s stock worth $450,000 after buying an additional 3,000 shares during the last quarter. Freedom Investment Management Inc. bought a new position in Capital Group Municipal Income ETF during the third quarter worth $284,000. Ascent Group LLC bought a new position in Capital Group Municipal Income ETF during the third quarter worth $566,000. Finally, TrueWealth Advisors LLC raised its stake in Capital Group Municipal Income ETF by 17.2% during the fourth quarter. TrueWealth Advisors LLC now owns 28,111 shares of the company’s stock worth $757,000 after buying an additional 4,118 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $26.99 on Tuesday. Capital Group Municipal Income ETF has a twelve month low of $26.56 and a twelve month high of $27.54. The firm has a fifty day simple moving average of $27.06 and a 200 day simple moving average of $27.17.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a dividend of $0.0626 per share. 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.