3,129,755 Shares of Capital Group Municipal Income ETF $CGMU Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC bought a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 3rd quarter, HoldingsChannel reports. The fund bought 3,129,755 shares of the company’s stock, valued at approximately $81,186,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in Capital Group Municipal Income ETF by 6.7% in the second quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock worth $376,376,000 after purchasing an additional 859,323 shares during the period. Cetera Investment Advisers lifted its stake in shares of Capital Group Municipal Income ETF by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after purchasing an additional 720,377 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Capital Group Municipal Income ETF by 119.9% during the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after acquiring an additional 924,704 shares during the last quarter. Blue Chip Partners LLC lifted its stake in shares of Capital Group Municipal Income ETF by 1.1% in the first quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock worth $44,879,000 after buying an additional 17,316 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Capital Group Municipal Income ETF by 17.3% during the 1st quarter. Royal Bank of Canada now owns 1,352,529 shares of the company’s stock worth $36,721,000 after buying an additional 199,108 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.2%

Shares of CGMU stock traded up $0.05 during trading hours on Friday, reaching $26.97. 2,423,482 shares of the company’s stock were exchanged, compared to its average volume of 1,634,200. Capital Group Municipal Income ETF has a fifty-two week low of $25.73 and a fifty-two week high of $27.93. The business has a fifty day moving average price of $26.45 and a 200-day moving average price of $27.16.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were issued a dividend of $0.0763 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, October 30th. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.

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.