Capital Group Municipal Income ETF $CGMU Position Boosted by Prospera Financial Services Inc

Prospera Financial Services Inc raised its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,485 shares of the company’s stock after acquiring an additional 7,938 shares during the period. Prospera Financial Services Inc owned approximately 0.10% of Capital Group Municipal Income ETF worth $3,456,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wedbush Securities Inc. grew its stake in shares of Capital Group Municipal Income ETF by 7.2% in the second quarter. Wedbush Securities Inc. now owns 55,249 shares of the company’s stock worth $1,475,000 after purchasing an additional 3,720 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Capital Group Municipal Income ETF by 111.4% in the second quarter. Vestmark Advisory Solutions Inc. now owns 1,948,750 shares of the company’s stock worth $52,012,000 after purchasing an additional 1,027,021 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Capital Group Municipal Income ETF by 10.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,291,900 shares of the company’s stock worth $61,171,000 after purchasing an additional 217,749 shares during the period. Robinson Smith Wealth Advisors LLC grew its position in Capital Group Municipal Income ETF by 7.0% in the 2nd quarter. Robinson Smith Wealth Advisors LLC now owns 235,332 shares of the company’s stock valued at $6,281,000 after buying an additional 15,354 shares in the last quarter. Finally, Hunter Associates Investment Management LLC bought a new position in Capital Group Municipal Income ETF in the 2nd quarter valued at about $8,460,000.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.39 on Monday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.56. The firm’s 50-day moving average is $27.29 and its two-hundred day moving average is $26.88.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were paid a dividend of $0.0858 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, October 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.