Comerica Bank Has $3.55 Million Stock Position in Capital Group Municipal Income ETF $CGMU

Comerica Bank raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 29.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,574 shares of the company’s stock after buying an additional 29,611 shares during the period. Comerica Bank’s holdings in Capital Group Municipal Income ETF were worth $3,548,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Capital Group Municipal Income ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock valued at $33,071,000 after buying an additional 125,592 shares in the last quarter. Confluence Wealth Services Inc. boosted its position in Capital Group Municipal Income ETF by 5.3% in the third quarter. Confluence Wealth Services Inc. now owns 746,403 shares of the company’s stock valued at $20,369,000 after buying an additional 37,394 shares in the last quarter. Arkadios Wealth Advisors boosted its position in Capital Group Municipal Income ETF by 762.4% in the third quarter. Arkadios Wealth Advisors now owns 70,353 shares of the company’s stock valued at $1,920,000 after buying an additional 62,195 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after buying an additional 1,573,897 shares in the last quarter. Finally, Mutual Advisors LLC boosted its position in Capital Group Municipal Income ETF by 18.5% in the third quarter. Mutual Advisors LLC now owns 163,808 shares of the company’s stock valued at $4,505,000 after buying an additional 25,530 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.34 on Monday. Capital Group Municipal Income ETF has a fifty-two week low of $26.44 and a fifty-two week high of $27.93. The company’s 50 day moving average price is $27.47 and its two-hundred day moving average price is $27.48.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0827 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th.

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.