Capital Group Municipal Income ETF (NYSEARCA:CGMU) Hits New 52-Week High – Should You Buy?

Capital Group Municipal Income ETF (NYSEARCA:CGMU) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $27.51 and last traded at $27.47, with a volume of 661029 shares. The stock had previously closed at $27.50.

Capital Group Municipal Income ETF Stock Down 0.1%

The business has a 50 day moving average price of $27.18 and a 200 day moving average price of $26.81.

Capital Group Municipal Income ETF Increases Dividend

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

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Hedge funds have recently bought and sold shares of the business. Pinnacle Bancorp Inc. boosted its position in Capital Group Municipal Income ETF by 49.1% during the second quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after purchasing an additional 646 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Capital Group Municipal Income ETF by 37.5% during the first quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock worth $91,000 after purchasing an additional 925 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Capital Group Municipal Income ETF by 81.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock worth $117,000 after purchasing an additional 1,977 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the third quarter worth approximately $125,000. Finally, Financial Perspectives Inc boosted its position in Capital Group Municipal Income ETF by 301.6% during the second quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock worth $134,000 after purchasing an additional 3,761 shares in the last quarter.

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.