Ashton Thomas Private Wealth LLC Purchases 35,906 Shares of Capital Group Municipal Income ETF $CGMU

Ashton Thomas Private Wealth LLC lifted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 31.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 151,672 shares of the company’s stock after acquiring an additional 35,906 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Capital Group Municipal Income ETF were worth $4,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CGMU. Golden State Wealth Management LLC grew its stake in shares of Capital Group Municipal Income ETF by 37.5% in the 1st quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock worth $91,000 after acquiring an additional 925 shares in the last quarter. Sovran Advisors LLC grew its stake in shares of Capital Group Municipal Income ETF by 22.4% in the 1st quarter. Sovran Advisors LLC now owns 34,327 shares of the company’s stock worth $906,000 after acquiring an additional 6,274 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Capital Group Municipal Income ETF by 121.6% in the 1st quarter. Private Trust Co. NA now owns 14,496 shares of the company’s stock worth $389,000 after acquiring an additional 7,954 shares in the last quarter. Novem Group grew its stake in shares of Capital Group Municipal Income ETF by 47.7% in the 1st quarter. Novem Group now owns 81,084 shares of the company’s stock worth $2,175,000 after acquiring an additional 26,189 shares in the last quarter. Finally, Latitude Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 1st quarter worth $210,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.47 on Tuesday. The company’s 50-day moving average is $27.18 and its 200 day moving average is $26.81. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.51.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a $0.0718 dividend. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%.

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.