FWG Holdings LLC Takes $1.42 Million Position in Capital Group Municipal Income ETF $CGMU

FWG Holdings LLC purchased a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 51,510 shares of the company’s stock, valued at approximately $1,421,000.

Several other institutional investors have also made changes to their positions in CGMU. Capital International Investors lifted its holdings in shares of Capital Group Municipal Income ETF by 14.8% during the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock valued at $1,244,005,000 after buying an additional 5,890,074 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Capital Group Municipal Income ETF by 32.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after acquiring an additional 1,620,219 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Municipal Income ETF by 18.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after acquiring an additional 1,573,897 shares in the last quarter. Blue Chip Partners LLC raised its stake in shares of Capital Group Municipal Income ETF by 2,093.0% in the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock valued at $40,513,000 after acquiring an additional 1,448,696 shares in the last quarter. Finally, Aprio Wealth Management LLC bought a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $22,189,000.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU stock opened at $27.34 on Monday. The stock’s 50 day simple moving average is $27.47 and its 200 day simple moving average is $27.48. Capital Group Municipal Income ETF has a twelve month low of $26.44 and a twelve month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0827 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, February 27th. 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.