UBS Group AG Buys 450,074 Shares of Capital Group Municipal Income ETF $CGMU

UBS Group AG lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,032,770 shares of the company’s stock after acquiring an additional 450,074 shares during the quarter. UBS Group AG owned about 2.24% of Capital Group Municipal Income ETF worth $110,417,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC boosted its stake in shares of Capital Group Municipal Income ETF by 866.9% during the 4th quarter. Sanctuary Advisors LLC now owns 86,052 shares of the company’s stock worth $2,356,000 after acquiring an additional 77,152 shares in the last quarter. M Wealth Management LLC boosted its stake in shares of Capital Group Municipal Income ETF by 60.1% during the 4th quarter. M Wealth Management LLC now owns 14,588 shares of the company’s stock worth $399,000 after acquiring an additional 5,479 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 92.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 65,099 shares of the company’s stock worth $1,782,000 after acquiring an additional 31,286 shares in the last quarter. EnRich Financial Partners LLC boosted its stake in shares of Capital Group Municipal Income ETF by 2.1% during the 4th quarter. EnRich Financial Partners LLC now owns 392,181 shares of the company’s stock worth $10,738,000 after acquiring an additional 7,921 shares in the last quarter. Finally, Confluence Wealth Services Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 49.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock worth $30,610,000 after acquiring an additional 371,573 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $27.34 on Friday. Capital Group Municipal Income ETF has a twelve month low of $26.44 and a twelve month high of $27.93. The stock has a 50-day simple moving average of $27.47 and a 200 day simple moving average of $27.48.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0827 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 Friday, February 27th. This represents a c) annualized dividend and a yield of 3.6%.

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.