MSH Capital Advisors LLC Buys Shares of 9,327 Capital Group Municipal Income ETF $CGMU

MSH Capital Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 9,327 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Perspectives Inc acquired a new position in shares of Capital Group Municipal Income ETF in the 1st quarter valued at $33,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 1st quarter valued at $39,000. Opal Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 1st quarter valued at $46,000. Pinnacle Bancorp Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after buying an additional 646 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in shares of Capital Group Municipal Income ETF by 37.5% in the 1st quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock valued at $91,000 after buying an additional 925 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU stock opened at $27.30 on Friday. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.46. The firm has a fifty day moving average of $27.02 and a 200-day moving average of $26.75.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued a $0.0718 dividend. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.2%.

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.