MB Levis & Associates LLC Buys Shares of 278,037 Capital Group Municipal Income ETF $CGMU

MB Levis & Associates LLC bought a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 278,037 shares of the company’s stock, valued at approximately $7,588,000. Capital Group Municipal Income ETF makes up approximately 3.3% of MB Levis & Associates LLC’s investment portfolio, making the stock its 12th largest holding. MB Levis & Associates LLC owned about 0.18% of Capital Group Municipal Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC bought a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth about $125,000. Intergy Private Wealth LLC lifted its stake in Capital Group Municipal Income ETF by 5.3% during the 3rd quarter. Intergy Private Wealth LLC now owns 34,906 shares of the company’s stock valued at $953,000 after acquiring an additional 1,752 shares during the period. LongView Wealth Management boosted its holdings in shares of Capital Group Municipal Income ETF by 42.7% during the 3rd quarter. LongView Wealth Management now owns 61,727 shares of the company’s stock valued at $1,685,000 after acquiring an additional 18,465 shares during the last quarter. AA Financial Advisors LLC grew its stake in shares of Capital Group Municipal Income ETF by 6.1% in the third quarter. AA Financial Advisors LLC now owns 64,918 shares of the company’s stock worth $1,772,000 after acquiring an additional 3,743 shares during the period. Finally, Capital Insight Partners LLC purchased a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $13,802,000.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.44 on Wednesday. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.56. The company’s 50 day moving average is $27.41 and its 200 day moving average is $27.07.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.0872 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 24th. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Capital Group Municipal Income ETF Company 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.