Keeler & Nadler Financial Planning & Wealth Management Purchases 37,712 Shares of Capital Group Municipal Income ETF $CGMU

Keeler & Nadler Financial Planning & Wealth Management raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 100.8% during the second quarter, Holdings Channel reports. The institutional investor owned 75,108 shares of the company’s stock after buying an additional 37,712 shares during the quarter. Capital Group Municipal Income ETF makes up about 0.8% of Keeler & Nadler Financial Planning & Wealth Management’s investment portfolio, making the stock its 27th biggest holding. Keeler & Nadler Financial Planning & Wealth Management’s holdings in Capital Group Municipal Income ETF were worth $2,005,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its position in Capital Group Municipal Income ETF by 32.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 26,683 shares of the company’s stock valued at $716,000 after buying an additional 6,527 shares during the last quarter. Raymond James Financial Inc. boosted its position in Capital Group Municipal Income ETF by 89.7% in the 1st quarter. Raymond James Financial Inc. now owns 791,591 shares of the company’s stock valued at $21,230,000 after buying an additional 374,330 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Capital Group Municipal Income ETF by 175.0% in the 1st quarter. Golden State Wealth Management LLC now owns 6,781 shares of the company’s stock valued at $182,000 after buying an additional 4,315 shares during the last quarter. Cerity Partners LLC boosted its position in Capital Group Municipal Income ETF by 0.7% in the 1st quarter. Cerity Partners LLC now owns 59,769 shares of the company’s stock valued at $1,603,000 after buying an additional 414 shares during the last quarter. Finally, NavPoint Financial Inc. boosted its position in Capital Group Municipal Income ETF by 9.8% in the 2nd quarter. NavPoint Financial Inc. now owns 91,818 shares of the company’s stock valued at $2,451,000 after buying an additional 8,157 shares during the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1%

Shares of CGMU opened at $27.37 on Wednesday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.46. The business’s fifty day moving average price is $27.06 and its two-hundred day moving average price is $26.76.

Capital Group Municipal Income ETF Increases Dividend

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

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.