86,237 Shares in Capital Group Municipal Income ETF $CGMU Bought by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 86,237 shares of the company’s stock, valued at approximately $2,237,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGMU. LongView Wealth Management raised its holdings in Capital Group Municipal Income ETF by 0.3% in the third quarter. LongView Wealth Management now owns 136,772 shares of the company’s stock valued at $3,548,000 after acquiring an additional 464 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in Capital Group Municipal Income ETF by 0.8% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 81,614 shares of the company’s stock valued at $2,117,000 after acquiring an additional 610 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in Capital Group Municipal Income ETF by 3.9% during the 1st quarter. Frazier Financial Advisors LLC now owns 16,215 shares of the company’s stock valued at $440,000 after acquiring an additional 614 shares during the last quarter. Trinity Wealth Management LLC grew its holdings in Capital Group Municipal Income ETF by 0.5% during the 2nd quarter. Trinity Wealth Management LLC now owns 143,162 shares of the company’s stock worth $3,933,000 after acquiring an additional 721 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its holdings in Capital Group Municipal Income ETF by 5.9% during the 1st quarter. Florida Financial Advisors LLC now owns 13,380 shares of the company’s stock worth $363,000 after acquiring an additional 740 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU stock opened at $26.62 on Friday. The firm has a fifty day moving average of $26.51 and a two-hundred day moving average of $27.04. Capital Group Municipal Income ETF has a 1-year low of $25.73 and a 1-year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a $0.0773 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Tuesday, September 29th.

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.